Figure, a blockchain lender founded by Mike Cagney, has filed for an IPO and plans to list shares on Nasdaq under the ticker 'FIGR'. This initiative comes as a wave of digital asset firms seek equity funding. Led by underwriters including Goldman Sachs, Jefferies, and BofA Securities, Figure reported a 22.4% revenue increase in the first half of 2025, reaching $190.6 million, along with a net income of $29 million, a significant improvement from a loss the previous year. The company aims to fund working capital and potential acquisitions with proceeds from the IPO. Figure's previous attempt to go public through a SPAC did not materialize, but favorable regulatory conditions and a bullish market have rejuvenated its plans. Figure also recently merged with Figure Markets, enhancing its blockchain marketplace offerings. The IPO is viewed as a step forward in the growing landscape of crypto offerings in public markets.

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