Figure Technology Shares Rise 24% After $787.5 Million IPO (3)

Shares of Figure Technology Solutions Inc.closed 24% above their IPO price after a listing raising $787.5 million, as the blockchain-based credit company joined a cohort of crypto firms in embracing public markets.

Figure’s shares closed at $31.11 each in New York on Thursday, above the IPO price of $25 apiece. The trading gives the company a market value of around $6.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion.

The company went public in what’s set to be the US market’s busiest week of the year in terms of IPO ...