Thu Sep 11 13:40:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
**Figure Technologies Upsizes, Prices IPO Higher Amid Crypto Stock Surge**
**NEW YORK -** Blockchain lending and digital asset platform Figure Technologies has significantly increased the size and price range of its upcoming initial public offering (IPO) due to strong investor demand driven by a renewed interest in crypto-related stocks, Reuters reported on Tuesday.
The company, co-founded by Mike Cagney, now plans to offer 31.5 million shares at a price range of $20 to $22, a substantial increase from the initially planned 26 million shares at $18-$20. At the top of the revised range, the IPO is expected to raise approximately $693 million, valuing Figure at $4.66 billion, up from the prior expectation of a $4.1 billion valuation.
This surge in interest follows successful public debuts by other crypto-related firms, including crypto exchange Bullish and stablecoin issuer Circle, and aligns with a broader wave of investment into digital assets.
Figure operates a blockchain-native platform focusing on lending, trading, and investing in consumer credit and digital assets. The company touts its efficiency in processing home equity loans, claiming an average funding time of 10 days compared to the industry average of 42 days.
Recent financial performance has been strong. For the first six months of 2024, Figure reported a profit of $29 million, a marked turnaround from the $13 million loss reported during the same period last year.
Goldman Sachs, Jefferies, and BofA Securities are acting as the joint lead bookrunning managers for the IPO. Billionaire investor Stanley Druckenmiller’s Duquesne Family Office has expressed interest in purchasing up to $50 million worth of shares.
Figure Technologies is scheduled to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR.”
First Piper 