Figure May Seek $526 Million IPO as Bitcoin-Linked Blockchain Firms Consider Public Listings

• Figure files to raise $526M via IPO, valuing the firm at ~$4.3B (top of range)

• Offering: 21.5 million shares at $18–$20; 4.9 million sold by existing holders.

• Financials: Revenues rose to $191M in H1; Series D in 2021 valued the company at $3.2B.

Figure IPO: $526M raise planned; shares priced $18–$20; learn what this means for crypto IPOs and investor demand—read now.

What is the Figure IPO?

Figure IPO refers to Figure Technology Solutions’ planned initial public offering to raise about $526 million by selling 21.5 million shares at an $18–$20 range. The SEC filing sets a tentative pricing date of Sept. 10 and signals stronger market interest in blockchain firms going public.

How much is Figure aiming to raise and what valuation does that imply?

Figure aims to raise $526 million by offering shares at $18 to $20. At the top end, the float implies a company valuation near $4.3 billion. Existing holders are expected to sell roughly 4.9 million of the total shares, per regulatory filings reported by Bloomberg Law (plain text reference).

Why is the Figure IPO notable for crypto markets?

Figure’s IPO highlights a broader trend of blockchain and crypto firms seeking public listings after renewed market optimism. The company combines consumer lending origins with blockchain infrastructure built on the Provenance Blockchain, and reported revenues of $191 million for the first half of the year—evidence of commercial traction.

Figure eyes a $526 million IPO, joining Circle, Bullish and Gemini in the growing wave of blockchain companies going public.

Figure Technology Solutions, originally focused on digitized home equity lending, has pivoted deeper into blockchain-based financial products and infrastructure. The company filed confidentially earlier, then disclosed a formal Securities and Exchange Commission filing on Aug. 18 that outlines the $18–$20 per-share range and a potential Sept. 10 pricing date.

How does Figure’s financial track record support the IPO?

Figure’s revenue increased to $191 million in H1, showing growth versus prior periods. The company’s valuation has also risen since a 2021 Series D, where a $200 million round led by 10T Holdings valued Figure at $3.2 billion. These metrics were cited in regulatory filings and summary reports.

How does Figure compare to recent crypto IPOs?

Figure joins a wave of blockchain firms pursuing public listings. Recent notable public-market moves include:

• Circle: Completed an IPO raising roughly $1.1 billion and saw strong first-day performance (plain text reference).
• Bullish: Debuted with shares priced at $37 and surged as much as 218% on day one, with an IPO valuation lifted to $4.8 billion prior to listing (plain text reference).
• Gemini: Filed for an IPO and targeted a raise in the low hundreds of millions (plain text reference).
• Kraken: Reported market speculation about a potential 2026 IPO with a multi-billion-dollar valuation (plain text reference).

When is Figure expected to price its IPO?

Regulatory paperwork indicates a target pricing date of Sept. 10. That date is subject to market conditions and final approvals typical for an SEC-registered public offering.

Frequently Asked Questions

What originally was Figure’s core business?

Figure began with digitized consumer lending products, notably a blockchain-backed home equity line of credit for U.S. homeowners, and later expanded into blockchain infrastructure and securitization.

Will Figure’s IPO affect crypto market valuations?

Public listings by blockchain firms can influence investor sentiment and valuations by providing more price discovery and institutional participation, but direct market effects depend on timing and broader macro conditions.

Key Takeaways

• Planned raise: Figure targets a $526M IPO, offering 21.5M shares at $18–$20.
• Valuation: Top-end pricing would value Figure near $4.3B, above its 2021 Series D valuation.
• Market context: The filing is part of a larger wave of crypto and blockchain firms—Circle, Bullish, Gemini, Kraken—moving toward public markets.

Conclusion

Figure Technology Solutions’ proposed $526 million IPO underscores renewed appetite for blockchain firms in public markets. Robust H1 revenues and a higher valuation vs. 2021 support the offering, while the broader trend of listings by Circle, Bullish and others suggests increased investor focus on crypto infrastructure. Watch the Sept. 10 pricing window and regulatory updates for next steps.