FIGR Stock Soars 44% in Nasdaq Debut

Shares of Figure Technology Solutions (FIGR) jumped 44% in their Nasdaq debut on Thursday after the blockchain lender priced its IPO at $25, raising $787.5 million and valuing the company at $7.62 billion.

The strong first-day performance underscores robust investor appetite for crypto-linked issuers amid a busy fall IPO calendar and growing mainstream acceptance of digital-asset firms.

IPO Details

  • Figure Technology Solutions offered 31.5 million Class A shares at $25 each, up from an initial range of $20-$22.
  • The offering raised $787.5 million, with a 30-day underwriter option for an additional 4.725 million shares.
  • Goldman Sachs, Jefferies and BofA Securities led the deal, joined by Societe Générale, Stifel and Mizuho.

Trading Performance

  • FIGR shares opened around $44, marking a 44% gain over the IPO price on first-day trading.
  • Indications before the open suggested a 36-40% premium at $34-$35 per share.
  • Retail and institutional demand propelled volume to surge above average levels in the opening session.

Market Context

  • The debut adds to a wave of crypto and fintech listings this week after a lull earlier in 2025.
  • The S&P 500 has climbed 11.7% year-to-date, fueling confidence in new issues.
  • Upcoming IPOs include Gemini Space Station Inc. (GEMI), Via Transportation Inc. (VIA) and Black Rock Coffee Bar Inc. (BRCB).