Figure, the lender fueled by the blockchain founded by the co-founder of Sofi Mike Cagney, filed with the Securities and Exchange Commission for a first public offer as a last participant of a wave of introductory cryptographic scholarship.
The company plans to list its class A actions on the Nasdaq under the Figr Ticker, with Goldman Sachs, Jefferies and Bofa Securities used as main subscribers.
The path from figure to public procurement has been in progress. In 2021, he launched a special acquisition company, Figure Acquisition Corp. I, with an increase of $ 250 million aimed at acquiring growth stage companies using provenance as a layer of efficiency, but at the end, this SPAC did not put the figure.
A more friendly regulatory position under the Trump administration and the crypto and the dynamic stock markets have prepared the field for a wave of digital asset companies typing the stock markets, including the exchange of upward crypto which is the owner of Coindesk.
Last month, the company merged with figures markets, a blockchain market also launched by Cagney which emits YDLS, a structured yield stable as a monetary token market fund.
The finances disclosed in the S-1 show 22.4% income in the first half of 2025 to 190.6 million dollars, with a net profit of $ 29 million, against a loss of $ 13 million a year earlier.
According to the deposit with the SEC, the product of the IPO will finance the working fund and the potential acquisitions, without planned dividends.
