Figure Technology Solution – Blockch Technology Equipment, which was co -founded by the former CEO of Sofi (Mike Cagney) – was contributed with an official request for public subscription (IPO) for its shares on Monday, to become the latest companies directed to the Cratto sector and seeks to include its stocks on the stock market.
Figures in the figure increase by 22% per year
The company – which is based in New York – declared in the request submitted to the American Committee of Securities and Exchange (SEC) that its income jumped by 22% on an annual basis to reach $ 191 million in the first half of 2025, and the Tech figure declared that it had reached a net income of 29.1 million dollars, while it has suffered a net loss of the same period.
Class A shares will be listed for the company on the Nasdaq Stock Exchange under the FIGR. The main organizations include: Goldman Sachs Group, Jefferies Financial Group and Bank of America.
FIGR actions are preparing for a huge launch of a year with the growing dynamic of the public subscription
Figure – which specializes in the development of blockchain solutions to facilitate loan operations – initially announced its public subscription plans at the beginning of the month, because it secretly presented a draft declaration of registration to the American securities and exchanges (SEC) for the public subscription proposed for its financial documents.
@Figuremarkets Subjects the confidential scholarship deposit while cryptographic companies rush to public procurement after the start of 160% of circle and $ 4.2 billion in optimistic exchange registration.#Ipo #Cryptohttps://t.co/by14tzmfn
– cryptonews.com (@cryptonews) August 5, 2025
Submission of the request for a public subscription is presented in light of the continuous efforts of the company to launch a stable return and will be organized as a financial card to the United States.
The emerging market tournament came from 2024 to 2025 in particular due to a wave of general subscriptions whose sector saw, as the operator’s public subscription – the operator of the digital currency negotiation platform – triggered a lot of admiration and the price of its subscription was set at $ 37 per share, which gave the platform an assessment of $ 5.4 increased $ 1.1 billion.
Earlier, Circle, the exporter Circle Company and the Bitco-BTC, put their actions for the public subscription, while Circle plans to launch a national trusted charter in order to obtain official accreditation of the American authorities which gives it the opportunity to manage stable currencies in a reliable and safe way.
For its part, Cagney said in demand submitted on Monday that “the public subscription represents a unique step in a long process to bring blockchain technology to all aspects of capital markets”, adding that this technology can be offered more than a radical change on the current markets.
He added: “By converting assets that are difficult to convert to (non -liquid) criticism in the past – such as loans – and put these assets on the blockchain and record its performance, this technology can bring liquidity to the markets that it was missing.”
Figure Technologies has already raised $ 200 million in a financing cycle of 2021, with an estimated value at $ 3.2 billion.
The Post Technology Company is for loan solutions based on blockchin subjects a public subscription request to the United States after its income increased by 22% on the first on Arab Cryptonews.
