Figure Technology Eyes $526 million IPO as Crypto Valuations Soar

- Targeting a $526 million IPO at a $4.3 billion valuation. - Pricing set for September 10, 2025, amid a trend of crypto firms going public. On September 2, 2025, Cointelegraph reported that blockchain lender Figure Technology Solutions is moving forward with an initial public offering (IPO), aiming to raise $526 million at an estimated valuation of $4.3 billion. The company plans to issue 21.5 million shares within a price range of $18 to $20 and will set the final price on September 10. Figure, which originally focused on consumer lending, has since expanded its services to offer blockchain-based financial products powered by the Provenance Blockchain. According to Cointelegraph, the company achieved $191 million in revenue during the first half of 2025, a performance that reinforces its position as a key player in the digital finance ecosystem. This development is part of a larger trend, as more blockchain and cryptocurrency firms go public to capitalize on bullish market conditions. For example, stablecoin issuer Circle recently raised $1.1 billion in its IPO, and its stock price doubled on its first day of trading to achieve a market capitalization of $30 billion. In addition, digital asset exchange operator Bullish had a successful public debut in August, maintaining a valuation of approximately $9.6 billion after an initial surge. Meanwhile, Gemini filed for an IPO to raise $317 million, and Kraken is reportedly considering a public listing in 2026 with a potential valuation of $15 billion. The crypto industry's embrace of public markets has also spurred alternative approaches. For instance, Bitcoin Infrastructure Acquisition Corp., a special purpose acquisition company (SPAC), launched to target a $200 million raise. This wave of IPOs underscores robust investor interest in digital assets and blockchain-powered financial solutions, solidifying the sector’s position as a major growth area in global finance.