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                                    What's up with Figure Technology's $32 billion IPO submission?
                                </h1> <div class="user_slot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-91e9c5c4=""> <span class="user_desction" data-v-91e9c5c4="">
                                        
                                        8/20/2025 05:28am
                                    </span></div></div></div> <div class="seo-text-answer" data-v-91e9c5c4="">Figure Technology's IPO submission is a significant milestone for the company and the blockchain industry. Here's a breakdown of the key points:

1. **Company Background**: Figure Technology is a seven-year-old blockchain-based lending company founded by Mike Cagney, the former CEO of SoFi. The company has established itself as one of the leading players in blockchain-based lending, with over 160 partners for its loan origination system and capital marketplace.
2. **Financial Performance**: Figure Technology reported a revenue of $191 million for the six months ended June 30, 2025, a 22.4% increase from the previous year. The company also reported a profit of $29 million, a significant turnaround from the $13 million loss reported in the same period the previous year.
3. **IPO Details**: The company has filed</div> <div class="dialog_answer" data-v-91e9c5c4=""><div class="dialog_content" data-v-91e9c5c4=""> <div class="answer_robot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/AIme.ae832fb.png" alt="robot" class="avatar" data-v-91e9c5c4=""> <div class="user_name" data-v-91e9c5c4=""></div></div> <div class="question_content" data-v-91e9c5c4=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-4e97ba8a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-4e97ba8a=""> <div class="recommend-part" data-v-7790c618="" data-v-4e97ba8a=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> 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up with Figure Technology's $32 billion IPO submission?",null,"rich_text","cf174cb152a19056","9d7265c77fddd2f3","progress\u002Fsearching_for",1000,"searching_for","2025-08-19","oeqxkhszf","oeqxkhszf_layer","base",2001,"auto_agent","ths_wencai_international_pc_robot",1,1755638906325,"1815018076",999,"signal","thinking","Searching Web","The user wants to know about Figure Technology’s $32 billion IPO submission. I should focus on the Figure Technology’s IPO plan, date and other related information. I will use Search for these information,","Figure Technology's IPO submission is a significant milestone for the company and the blockchain industry. Here's a breakdown of the key points:\n\n1. **Company Background**: Figure Technology is a seven-year-old blockchain-based lending company founded by Mike Cagney, the former CEO of SoFi. The company has established itself as one of the leading players in blockchain-based lending, with over 160 partners for its loan origination system and capital marketplace.\n2. **Financial Performance**: Figure Technology reported a revenue of $191 million for the six months ended June 30, 2025, a 22.4% increase from the previous year. The company also reported a profit of $29 million, a significant turnaround from the $13 million loss reported in the same period the previous year.\n3. **IPO Details**: The company has filed","user_input","agent","search","Figure's IPO filing marks Mike Cagney's return to public ...","Figure Technology, a seven-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq, with Goldman Sachs, Jefferies, and BofA Securities serving as its lead bookrunners. The number of shares on offer and price range have not yet been determined. Figure says in its IPO paperwork that its revenue rose 22.4% to $191 million in the six months ended June 30, and that it reported a profit of $29 million in the same period, compared with a loss of $13 million a year earlier. The filing offers a chance at vindication for Figure co-founder Mike Cagney, who previously built SoFi before leaving the personal finance platform in 2017 following sexual harassment allegations. SoFi went public in 2021 via a special purpose acquisition company (SPAC) merger and has done pretty well as a public company — its stock is up over 200% in the past year, and its revenue rose 44% in the second quarter of 2025. Since its founding in 2018 , Figure has established itself as one of the bigger players in blockchain-based lending, claiming more than 160 partners for its loan origination system and capital marketplace. Figure claims to be the largest non-bank provider of home equity lines of credit. The company, which Cagney founded with his wife June Ou, uses blockchain technology through its Provenance blockchain to speed along approvals for home equity loans, mortgage refinancing, and student and personal loans. In May, Figure said it was also expanding into cryptocurrency lending, signing a financing agreement with Victory Park Capital for what Figure described as the industry’s first securitized pool of crypto-backed loans. That product allows asset owners to borrow against their Bitcoin and Ethereum holdings with loan-to-value ratios up to 75%. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to ...","https:\u002F\u002Ftechcrunch.com\u002F2025\u002F08\u002F19\u002Ffigures-ipo-filing-marks-mike-cagneys-return-to-public-markets\u002F","web",3,"Blockchain-Powered Lender Figure Technology Files for US IPO Following 22% Revenue Spike","Figure Technologies' revenue soared 22% year-over-year to $191 million in the first half of 2025. Blockchain-based lender Figure Technology Solutions, co-founded by SoFi’s former CEO Mike Cagney, has publicly filed for an IPO on Monday. The blockchain firm becomes the latest in a growing flurry of crypto-focused companies eyeing a public listing. Figure Reports 22% YoY Growth The New York-based company stated in a filing with the US SEC that its revenue soared 22% year-over-year to $191 million in the first half of 2025. Figure Tech also reported a net income of $29.1 million. The company incurred a net loss of $15.6 million on revenue of $12.5 million in the same period a year earlier. The initial public offering will list the company’s Class A common stock on the Nasdaq under the ticker ‘FIGR.’ Goldman Sachs Group Inc., Jefferies Financial Group Inc. and Bank of America Corp. are the lead underwriters. FIGR Lines Up for a Big Debut, IPO Momentum Builds Figure, which develops blockchain technology to facilitate loans, initially announced its IPO plans early this month. The company confidentially submitted a draft registration statement with the SEC for a proposed IPO of its equity securities. 🚀 @FigureMarkets submits confidential IPO filing as crypto companies rush to public markets following Circle's 160% debut surge and $4.2 billion Bullish exchange listing.#IPO #Cryptohttps:\u002F\u002Ft.co\u002Fby14TZMfnn — Cryptonews.com (@cryptonews) August 5, 2025 The IPO filing comes amid Figure’s ongoing efforts to introduce an interest-bearing stablecoin, regulated as a security within the US. Further, the 2024-2025 bull market has been particularly attractive due to a wave of industry IPOs. “By taking historically illiquid assets – such as loans – and putting these assets and their performance history on-chain, blockchain can bring liquidity to markets that have never had such,” he added. Figure Technologies raised $200 million in a funding round in 2021, at a $3.2 billion valuation. 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The company also reported a profit of $29 million, a significant turnaround from the $13 million loss reported in the same period the previous year[^3]",".\n3. **IPO Details**: The company has filed","\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/195837b.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/e402278.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7c15041.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/69a864a.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/9579193.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/6726d3c.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/c69ce63.js" defer=""></script>