The figure, the Blockchain engine lending founded by the co -founder of Sofi Mike Cagney, has presented the stock exchange and values commission for an initial public offer such as the last participant in a growing wave of IPO.
The company plans to list its class A actions in the Nasdaq under the Figr Ticker, with Goldman Sachs, Jefferies and Bofa Securities that serve as main subscribers.
The path of the figure to public markets has been in process. In 2021, he launched a special purpose acquisition company, Figure Procurement Corp. I, with an increase of $ 250 million aimed at acquiring business in growth stage using origin as an efficiency layer, however, in the end, this SPAC did not bring figures to the market.
A more friendly regulatory position under the Trump administration and cryptographic buoyant markets and values have prepared the scenario for an increase in digital asset companies that take advantage of stock markets, including Crypto Exchange Bullish, which is the owner of Coendesk.
Last month, the company merged with the figures markets, a blockchain market also launched by Cagney that issues YDLs, a stable that carries structured performance as a tokenized money market fund.
Financials revealed in the S-1 show show increased 22.4% in the first semester of 2025 to $ 190.6 million, with a net income of $ 29 million compared to a loss of $ 13 million the previous year.
According to the presentation before the SEC, the OPI income will finance the working capital and the possible acquisitions, without planned dividends.
