Figure Tech Targets $4.3B Valuation in September IPO, Fueling Crypto’s Public Frenzy

Figure Tech has prepared an IPO to raise up to $526M at a potential $4.13B valuation. Founded by Mike Cagney, the lender has originated $16B in on-chain loans, reported H1 2025 profit on $190.6M revenue, and has set Sept. 10 pricing, with shares to list on Nasdaq as FIGR. Uses AI for loans and support.

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