The post Stablecoin issuer Figure Tech surges by 24% after $787.5 million IPO debut appeared on BitcoinEthereumNews.com.

Figure launched on the Nasdaq and popped up 24.44% on its first day of trading. The IPO priced at $25 per share, pulling in $787.5 million, and valuing the company at just under $6.6 billion. The stock opened at $36, a full 44% jump from the offering price, before cooling to close at around $31 by the end of the session, according to data from Yahoo Finance. The offering price landed above expectations, which were originally set between $20 and $22. The company now joins a growing list of crypto-adjacent unicorns taking advantage of a red-hot IPO environment. Wall Street has been in rally mode, and investor appetite for blockchain, lending, and fintech plays is clearly wide open. Other crypto IPOs push momentum ahead of Gemini’s debut But Figure isn’t flying solo here. Klarna Group (a buy-now, pay-later lending firm) jumped 15% in its own IPO debut the day before. Then there’s Circle Internet Group, up 17.6%, and Bullish, a crypto exchange that rose 2.6%. Figma, the design software company, also entered the market recently with a solid listing. And now, all eyes are on Gemini, the crypto exchange founded by the Winklevoss twins, which is expected to start trading on Friday, as Cryptopolitan just reported. “We are seeing optimism return to the IPO markets and it’s broader than just the AI theme,” said Michael Bayer, an adjunct finance lecturer at Babson College and CFO of Wasabi Technologies. “It feels like there is a substantial backlog of really high quality tech companies.” Figure sits squarely in that mix. The company runs Figure Connect, a blockchain-powered platform for matching buyers and sellers of home-equity loans (aka Helocs). But it’s not just loans. Figure also operates a digital asset exchange where users can trade Bitcoin, Ethereum, and other major tokens. Revenue surges,…

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Filed under: News - @ September 11, 2025 10:20 pm