Figure Raises $787.5M in Upsized IPO at $25 per Share

Figure, a blockchain-based lending platform, is set to go public on the Nasdaq Stock Market under the ticker symbol "FIGR" on Thursday. The company had initially planned to issue 31.5 million shares at a price range of $20 to $22 per share, but recent reports indicate that the offering price has been adjusted upwards. The final offering price was set at $25 per share, exceeding the initial target range. This adjustment resulted in a total fundraising amount of $787.5 million, with the company and some existing investors selling 31.5 million shares.

The company's decision to increase the offering price reflects strong investor demand for cryptocurrency-related stocks. Figure has built a vertically integrated blockchain solution system that supports various market activities, including consumer credit, digital asset lending, trading, and investment. The company's core infrastructure is based on the home equity line of credit (HELOC) market, where it has established a significant presence.

Figure was founded in 2018 and generated $375 million in revenue for the 12 months ending June 30, 2025. The company's IPO is being underwritten by a consortium of leading financial institutions. The final IPO price is expected to be determined during the week of September 8, 2025.