Figure IPO: Blockchain Lender FIGR Targets Nasdaq

Introduction to figure

Figure is a blockchain-powered financial services company offering lending and digital financial products. Founded by Mike Cagney, co-founder of SoFi, the company has quickly established itself as a leading name in the fintech-blockchain space.

IPO details on nasdaq

According to its SEC filing, Figure will list its Class A shares on Nasdaq under the ticker FIGR. Leading banks such as Goldman Sachs, Jefferies, and Bank of America Securities will serve as underwriters, emphasizing the scale of this deal.

Strong financial performance

In the first half of 2025, Figure reported $190.6 million in revenue, up 22.4% year-over-year. Net income reached $29 million, a sharp turnaround from the $13 million loss in the prior year, showcasing its sustainable business growth.

Purpose of the IPO

Funds raised will be used to strengthen working capital, pursue mergers and acquisitions, and expand blockchain products. Recently, Figure merged with Figure Markets, a platform that issues YDLS, a yield-bearing stablecoin structured as a tokenized money market fund.

Future outlook

With strong technology, backing from major banks, and positive financial results, Figure (FIGR) is positioned to become one of the standout crypto IPOs of 2025, boosting investor confidence in blockchain’s long-term growth.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.