Figure Technology Solutions made a blockbuster Wall Street debut on Sept. 11 as its stock opened at $36 per share, well above the $25 pricing set ahead of its Nasdaq listing.
The jump pushed the blockchain lender’s valuation to $7.6 billion, up from the $5.3 billion valuation implied at pricing.
The offering included more than 23 million new shares and nearly 8 million sold by existing holders. By early afternoon, Figure’s stock was trading around $31.88, according to Yahoo Finance.
Figure’s IPO marks another strong debut for a crypto-linked company this year, following Circle and Bullish, signaling renewed investor appetite for blockchain finance.
“We were actually contemplating going public last year … it wasn’t the most hospitable environment,” co-founder Mike Cagney told CNBC. “That’s changed a lot.”
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This story was originally reported by TheStreet on Sep 11, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
finance.yahoo.com
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