Figure, the blockchain-driven lender, founded by Sofi-Medter Mike Cagney, has filed for Securities and Exchange Commission for an preliminary public offer as the latest participant in a growing crypto-iPo wave.
The company plans to indicate its shares in Nasdaq under Ticker Figr, with Goldman Sachs, Jefferies and Bofa Securities, which serve as lead insurance companies.
The figure’s path to public markets has been in creation years. In 2021, it launched a business company in Special Purpose, Figure Acquisition Corp. In, with an increase of $ 250 million aimed at acquiring growth phase companies using origin as an efficiency layer, but ultimately this SPAC did not bring the figure to the market.
A friendlier legislative attitude during the Trump administration and the lively crypto and stock markets has set the stage for an increase in digital asset companies tapping the equity markets, including Crypto Exchange Bullish, the owner of Coindesk.
Last month, the company merged with figurative markets, a blockchain market space that was also launched by Cagney, which issues YDLS, a dividend stableecoin structured as a tokenized money market fund.
Financies revealed in S-1 show revenue 22.4% in the first half of 2025 to $ 190.6 million, with a net income of $ 29 million compared to a loss of $ 13 million the year before.
According to the filing at SEC, the proceeds from the IPO will finance working capital and potential acquisitions without planned dividends.
