Figure Technology seeks $4B valuation in public listing as crypto IPO wave builds

Figure eyes a $526 million IPO, joining Circle, Bullish and Gemini in the growing wave of blockchain companies going public.

Blockchain-focused lender Figure Technology Solutions is aiming to raise $526 million in its initial public offering (IPO), underscoring the growing trend of crypto and blockchain firms pursuing public listings amid the bull market.

According to regulatory filings submitted Tuesday and reported by Bloomberg Law, Figure plans to sell 21.5 million shares in the $18 to $20 range, with 4.9 million shares expected to be sold by existing holders. At the top end of the range, the IPO would value the company at roughly $4.3 billion.

Figure first disclosed its public ambitions last month when it filed confidentially with regulators, followed by a formal Securities and Exchange Commission (SEC) filing on Aug. 18. The latest filings indicate the company is targeting Sept. 10 as the date for pricing its IPO.

Read more