U.S. stocks welcome another crypto IPO! Figure plans to go public on September 4, with a valuation potentially exceeding $3.3 billion
Figure Technology plans to go public on September 4th, with an expected market value of over $3.3 billion. The company and its shareholders will sell 26.3 million Class A shares, with a pricing range of $18 to $20, raising up to $526.3 million. This IPO takes place against the backdrop of active developments in the cryptocurrency sector, reflecting investors' interest in crypto fintech companies. Figure's listing marks a further integration of traditional finance and the crypto economy
According to the Zhitong Finance APP, blockchain lending institution Figure Technology (FIGR.US) submitted regulatory documents on Tuesday indicating its plan to raise up to $526.3 million through an initial public offering (IPO). Against the backdrop of a more relaxed regulatory environment in the U.S. during the Trump administration, the company has become a new member of the recent wave of intensive IPOs in the cryptocurrency sector.
According to documents disclosed by the U.S. Securities and Exchange Commission, Figure and its existing shareholders will sell 26.3 million Class A shares, with a pricing range set between $18 and $20. If calculated at the upper limit of the range, the company's market capitalization will reach $3.37 billion. The IPO shares are expected to officially enter the capital market on September 4.
It is noteworthy that the IPO performance in the cryptocurrency industry has been active recently. Previously, cryptocurrency exchange Bullish (BLSH.US) and stablecoin issuer Circle Internet Group (CRCL.US) successfully completed their listings. Analysts point out that Figure's choice to go public at this time benefits from an improved regulatory environment and reflects investors' continued interest in cryptocurrency-related fintech companies.
As a blockchain-based lending institution, Figure's listing plan marks a further deepening of the integration between traditional finance and the crypto economy. Its business model combines the efficiency of blockchain technology with the compliance of traditional credit services, and under the backdrop of the Trump administration's promotion of financial innovation policies, the market performance of such enterprises deserves ongoing attention
