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Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut
Figure Technology was valued at $7.62 billion after its shares jumped 44 per cent in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to the mainstream. The New York-based company's stock opened at $44 per share, compared with the offer price of $25. Figure and some of its backers raised $787.5 million in an upsized IPO by selling 31.5 million shares, pricing above a previously increased range of $20 to $22 apiece. U.S. IPOs are set to have their busiest week since 2021, as record-high equity markets encourage a broad ... (full story)
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