Mike Cagney, co-founder of SoFi, is making a high-profile return to public markets as his blockchain-powered lending company, Figure Technology Solutions Inc., has officially filed for an initial public offering (IPO) on Nasdaq under the ticker symbol FIGR. The filing, submitted on Monday, August 19, 2025, marks a significant milestone for Figure amid a resurgence in crypto-related IPO activity and growing investor interest in blockchain applications within finance[1][2][3].
Figure’s IPO is being led by major investment banks Goldman...
Figure’s IPO is being led by major investment banks Goldman Sachs, Jefferies, and Bank of America Securities, signaling strong institutional support for the offering. The company intends to use the proceeds primarily for general corporate purposes, including working capital and potential acquisitions, with no immediate plans to pay dividends to shareholders[1][3].
The New York-based company leverages blockchain technology t...
The New York-based company leverages blockchain technology to streamline lending, trading, and investing processes. Its core platform is built on the Provenance Blockchain, a distributed proof-of-stake network, where Figure holds a significant 20% stake in the utility token HASH. This blockchain foundation underpins Figure’s ecosystem, enabling innovative financial products such as yield-bearing stablecoins like YDLS, launched through its recent merger with Figure Markets[1][3].
Financial disclosures in the IPO filing reveal robust growth...
Financial disclosures in the IPO filing reveal robust growth and a strong turnaround for the company. Figure reported revenue of approximately $191 million in the first half of 2025, reflecting a 22.4% increase year-over-year, alongside a net profit of $29 million—an improvement from a net loss of $13 million in the same period last year. The firm’s expansion is driven by the adoption of blockchain-based lending and the integration of AI technologies for loan evaluations, positioning it at the forefront of fintech innovation[2][3].
Mike Cagney retains majority voting control over Figure, a s...
Mike Cagney retains majority voting control over Figure, a structure reminiscent of major tech firms, ensuring his continued influence on the company’s strategic direction. Key investors include Apollo Global Management and Ribbit Capital, underscoring strong backing from prominent financial players[2].
Figure’s IPO filing comes at a time of renewed optimism for...
Figure’s IPO filing comes at a time of renewed optimism for the crypto sector in 2025, aided by regulatory clarity from the Trump administration era and increasing participation by traditional banks in blockchain markets. This environment has sparked a wave of crypto-related public offerings, with companies such as crypto exchange Bullish and custodian BitGo also entering or planning to enter public markets recently[4].
This move represents Cagney’s return to public markets after...
This move represents Cagney’s return to public markets after a previous attempt to take Figure public via a special purpose acquisition company (SPAC) in 2021, which ultimately did not succeed. The current IPO effort reflects both the maturation of Figure’s business model and favorable market conditions for blockchain-based financial services[3][5].
Overall, Figure Technology’s Nasdaq IPO filing highlights Mi...
Overall, Figure Technology’s Nasdaq IPO filing highlights Mike Cagney’s ambition to establish a leading position in the emerging blockchain economy and marks a notable moment in the ongoing integration of cryptocurrency technologies into mainstream finance.
🔄 Updated: 8/19/2025, 11:41:03 AM
Mike Cagney's blockchain lender Figure has filed for a Nasdaq IPO under the ticker FIGR, marking a significant move in the global crypto market surge. The company reported a 22.4% revenue increase to $191 million and a net income of $29 million in the first half of 2025, drawing international attention as major banks Goldman Sachs, Jefferies, and Bank of America lead the offering. This IPO comes amid a wave of crypto companies going public in the US, signaling growing global investor confidence in blockchain-based financial services[1][3][4].
🔄 Updated: 8/19/2025, 11:51:03 AM
Mike Cagney’s Figure Technology filed for a Nasdaq IPO, with first-half 2025 revenue growing 22.4% to $190.6 million and net income of $29 million, signaling strong investor confidence in blockchain-powered lending globally[1]. The IPO, underwritten by Goldman Sachs, Jefferies, and Bank of America, positions Figure to expand its international footprint amid rising global interest in crypto finance innovation[1][2]. Market watchers from the US to Asia have noted this move as a key step in mainstreaming blockchain in traditional finance sectors, reflecting a broader international push toward decentralized finance.
🔄 Updated: 8/19/2025, 12:01:05 PM
Figure Technology, founded by Mike Cagney, filed for its Nasdaq IPO under the ticker "FIGR," sparking notable market interest amid a wave of crypto IPOs[1][3]. Although the IPO price range and shares offered are not yet disclosed, investors have responded positively to Figure’s financial turnaround, with revenue up 22.4% to $191 million and a net income of $29 million in H1 2025, reversing a previous loss[1][3]. The involvement of major underwriters like Goldman Sachs and Bank of America has also bolstered confidence, contributing to optimistic stock price expectations ahead of the public debut[1][3].
🔄 Updated: 8/19/2025, 12:11:04 PM
Mike Cagney's blockchain lender Figure Technology filed for a Nasdaq IPO under ticker FIGR, revealing a 22.4% revenue increase to $190.6 million and a net income of $29 million in H1 2025, a significant turnaround from a $13 million loss a year prior[1][2]. The IPO, led by Goldman Sachs, Jefferies, and BofA Securities, aims to fund working capital and acquisitions, positioning Figure to leverage blockchain across asset classes with Figure controlling 20% of the Provenance Blockchain's utility token HASH[1][3]. Cagney stated, "Our IPO moves us closer to being a leader" in the emerging web 3.0 blockchain sector, indicatin
🔄 Updated: 8/19/2025, 12:21:02 PM
Mike Cagney's return to public markets with Figure Technology's Nasdaq IPO filing has drawn mixed consumer and public reactions. While some investors are optimistic about Figure’s 22.4% revenue growth to $190.6 million and its innovative blockchain lending model, others remain cautious due to Cagney's controversial exit from SoFi. Notably, the IPO underwriters Goldman Sachs, Jefferies, and Bank of America back the move, but public sentiment reflects both excitement over blockchain potential and wariness about leadership risks[1][2][5].
🔄 Updated: 8/19/2025, 12:31:03 PM
Mike Cagney’s Figure Technology filed for a Nasdaq IPO under the ticker FIGR, drawing expert attention for its 22.4% revenue growth to $190.6 million and a net income turnaround to $29 million in H1 2025, compared to a $13 million loss the previous year[1][2][4]. Industry analysts highlight the significance of Cagney’s return to public markets after SoFi, noting Figure’s strong positioning as a major blockchain lender with over 160 partners and leadership in non-bank home equity lines of credit[4]. Goldman Sachs, Jefferies, and Bank of America Securities are leading the IPO, reflecting confidence in Figure’s blockchain-driven lending model amid a growing wave of crypto IP
🔄 Updated: 8/19/2025, 12:41:04 PM
Mike Cagney’s blockchain lender Figure has filed for a Nasdaq IPO under the ticker FIGR, signaling a significant moment in the global crypto market as the U.S. leads a surge of cryptocurrency firms going public. With revenue up 22.4% to $190.6 million in H1 2025 and a net income turnaround to $29 million, Figure is attracting international investor attention, backed by major banks Goldman Sachs, Jefferies, and Bank of America Securities[1][3][4]. This move highlights increasing global confidence in blockchain-based financial services amid a more favorable U.S. regulatory environment, potentially spurring further cross-border crypto IPOs.
🔄 Updated: 8/19/2025, 12:51:04 PM
Mike Cagney’s Figure Technology has filed for a Nasdaq IPO under the ticker FIGR, joining a growing wave of crypto companies entering public markets amid a shifting competitive landscape[1][2][4]. Figure reported a 22.4% revenue increase to $190.6 million and a net income of $29 million in H1 2025, signaling robust growth that positions it strongly against peers like crypto exchange Bullish, which recently saw its stock surge over 200% post-IPO[1][2][4]. With major banks Goldman Sachs, Jefferies, and BofA leading the offering, Figure aims to leverage blockchain’s expanding role across asset classes, seeking to establish itself among the blockchain “Magnificent Seven
🔄 Updated: 8/19/2025, 1:00:10 PM
Mike Cagney’s Figure Technology is entering a rapidly evolving competitive landscape as it files for a Nasdaq IPO under the ticker FIGR, joining a surge of crypto and blockchain companies going public, including Bullish and Gemini[2][4]. Figure reported a 22.4% revenue increase to $190.6 million in the first half of 2025 and a net income of $29 million, signaling strong financial momentum in the face of this competitive pressure[1][2]. Cagney highlighted the ambition to become a leader among a new set of blockchain-centric companies, akin to the “Magnificent Seven” in Web 2.0, underscoring the strategic positioning amid intensifying competition[1].
🔄 Updated: 8/19/2025, 1:10:14 PM
Mike Cagney’s Figure Technology filed for a Nasdaq IPO under ticker FIGR, entering a competitive landscape increasingly crowded with crypto firms going public, such as Bullish, Gemini, BitGo, Grayscale, and the rumored Kraken IPO[2][3]. Figure reported a 22.4% revenue increase to $190.6 million and a net income of $29 million in H1 2025, reversing a prior loss, positioning itself strongly amid a surge in blockchain-based lenders and digital asset companies seeking capital[1][2]. Cagney emphasized the potential for blockchain to disrupt asset classes broadly, aiming for Figure to join a leading peer group in the Web 3.0 ecosystem, underscoring the company’s ambitio
🔄 Updated: 8/19/2025, 1:20:23 PM
Consumer and public reaction to Mike Cagney’s Figure Technology IPO filing is mixed but notably cautious yet intrigued, reflecting his controversial past and the growing interest in blockchain finance. While Cagney’s previous departure from SoFi amid harassment allegations remains a shadow, investors are watching closely given Figure’s strong financial turnaround—revenues jumped 22.4% to $190.6 million in H1 2025 with a net income of $29 million, reversing prior losses[1][2][3]. The broader market’s enthusiasm for crypto IPOs, exemplified by Bullish’s stock soaring over 200% post-IPO, suggests some optimism about Figure’s potential leadership in blockchain lending despite residual skepticism from consumer advocates and public commentators[4].
🔄 Updated: 8/19/2025, 1:30:24 PM
Blockchain lender Figure, founded by SoFi co-founder Mike Cagney, has officially filed for an IPO to list its Class A shares on Nasdaq under the ticker FIGR, with Goldman Sachs, Jefferies, and Bank of America as lead underwriters[1][2][4]. The company reported a 22.4% revenue increase to $191 million and a net income turnaround to $29 million in the first half of 2025, after a $13 million loss a year earlier, highlighting strong growth ahead of its public debut[1][2]. Figure has funded $16 billion in blockchain loans and aims to use IPO proceeds for working capital and acquisitions, marking Cagney’s return to public markets amid a surge of crypt
🔄 Updated: 8/19/2025, 1:40:41 PM
Mike Cagney’s blockchain lender Figure has filed for a Nasdaq IPO under the ticker FIGR, signaling his high-profile return to public markets. Experts highlight Figure’s strong turnaround with a 22.4% revenue increase to $190.6 million and a net income of $29 million in H1 2025, up from a loss a year prior, reflecting robust growth amid the crypto IPO surge fueled by improved regulatory sentiment[1][2]. Industry analysts also note the backing by major banks Goldman Sachs, Jefferies, and BofA Securities, underscoring confidence in Figure’s market position and Cagney’s leadership[1][3].
🔄 Updated: 8/19/2025, 1:50:38 PM
Mike Cagney’s blockchain lender Figure has filed for an IPO on Nasdaq under the ticker FIGR, marking his return to public markets. The company reported a 22.4% revenue increase to $190.6 million and a net income of $29 million in H1 2025, reversing a previous loss, with Goldman Sachs, Jefferies, and BofA Securities as lead underwriters[1][3]. Proceeds from the offering will fund working capital and potential acquisitions, with no dividends planned[1].
🔄 Updated: 8/19/2025, 2:00:33 PM
Blockchain lender Figure, founded by SoFi co-founder Mike Cagney, has filed for an IPO on Nasdaq under the ticker FIGR, marking a significant moment for global crypto-finance integration amid rising digital asset offerings. The company reported $191 million in revenue and a $29 million profit for the first half of 2025, signaling strong international investor confidence, with lead underwriters including Goldman Sachs, Jefferies, and BofA Securities[1][2][3]. This IPO is seen as a pioneering step in tokenized credit entering mainstream equity markets, drawing worldwide attention to how blockchain-based lending will compete with traditional fintech and crypto sectors[3].