Exclusive: Stablecoin issuer Figure Technologies upsizes IPO as crypto interest soars
NEW YORK (Sept. 9, 2025) Riding a fresh wave of crypto enthusiasm, Figure Technologies has increased its offering size and lifted pricing ahead of its Nasdaq debut. The move puts the Figure Technologies IPO price range squarely in the spotlight as investors rotate into digital-asset plays.
Figure is now marketing shares at $20–$22, up from $18–$20, and boosting the float to 31.5 million shares (from ~26 million). At the top end, the deal would raise about $693 million and value the company around $4.66 billion a step up from the prior maximum of $526 million at a $4.1 billion valuation.
Why the upsizing matters
Retail interest in crypto-linked stocks has accelerated in recent weeks, helped by a friendlier U.S. policy tone and successful listings from peers in the digital-asset ecosystem. Against that backdrop, the Figure Technologies IPO price range revision signals robust bookbuild momentum and a willingness by buyers to pay up for growth exposure.
Key IPO terms (at a glance)
New range: $20–$22 per share (prior: $18–$20)
Shares offered: 31.5M (prior: ~26M)
Gross proceeds (top end): ~$693M
Implied valuation (top end): ~$4.66B
Ticker / exchange: FIGR on Nasdaq (expected Thursday)
Lead bookrunners: Goldman Sachs, Jefferies, BofA Securities
Corner interest: Duquesne Family Office has indicated interest in up to $50M of shares
What Figure does
Co-founded in 2018 by tech entrepreneur Mike Cagney, Figure runs a blockchain-native platform spanning lending, trading, and investing across consumer credit and digital assets. The company says it can fund home-equity loans in about 10 days, versus an industry average near 42 days, leveraging streamlined, on-chain workflows.
Recent performance
Operationally, Figure swung to a profit of $29 million for the six months ended June 30, compared with a $13 million loss in the same period a year earlier. That improvement helps underpin the Figure Technologies IPO price range uplift by giving investors clearer line-of-sight into unit economics and scalability.
Crypto listings set the tone
Figure’s run-up arrives shortly after high-profile market entries by Bullish and Circle, which helped rekindle appetite for crypto infrastructure names. With policy winds shifting and secondary-market performance improving, the Figure Technologies IPO price range appears to be benefiting from a broader re-rating across the category.
What to watch next
All eyes turn to pricing and first-day trading on Thursday. Execution quality, early stabilization, and depth of demand beyond indicated orders will offer the next clues on whether the Figure Technologies IPO price range leaves room for a day-one pop—or simply reflects fair value in a heating market.
Conclusion
Figure’s upsized deal underscores growing confidence in crypto infrastructure and a market willing to fund profitable, regulated players. By lifting both size and the Figure Technologies IPO price range, management signals momentum and conviction. Profitability in the first half and marquee bookrunners should support sound price discovery at launch for both new investors.
As trading begins, watch allocation quality, stabilization activity, and early float turnover for clues on durability. Longer term, loan growth, credit performance, and tokenization initiatives will drive valuation. Execution on compliance, liquidity, and unit economics will determine whether any day-one pop matures into a sustained, fundamentals-led rerating.
FAQs
Q1 : What is the new Figure Technologies IPO price range?
A : The Figure Technologies IPO price range is now $20–$22 per share, up from $18–$20, reflecting stronger investor demand.
Q2 : How much could Figure raise at the top of the range?
A : At $22, the deal would raise about $693 million, consistent with the updated Figure Technologies IPO price range.
Q3: What valuation does the new range imply?
A : The top end implies an equity value of roughly $4.66 billion under the current Figure Technologies IPO price range.
Q4 : When and where will Figure trade?
A : Figure is slated to list Thursday on Nasdaq under ticker FIGR, following final pricing within the Figure Technologies IPO price range.
Q5 : Who’s leading the offering?
A : Goldman Sachs, Jefferies, and BofA Securities are joint lead bookrunners on the deal within the Figure Technologies IPO price range.