Figure Technology Solutions (FIGR) began trading on the Nasdaq on Thur 11 Sept 25

Figure Technology, a profitable financial-technology company co-founded by a former chief executive officer of Sofi Technologies (SOFI) specializes in blockchain access to help lenders provide home-equity loans.

• Founded by Michael Scott Cagney and June Ou in 2018
• Headquartered in Reno, NV
• https://www.figure.com/

 

Figure Technology Solutions Inc.’s stock rallied 24% in its first day of trading on Thursday in a sign of sustained interest by Wall Street in the fast-growing digital-currency sector.

At the closing bell, Figure Technology’s stock stood at $31.11 a share, up $6.11 from its IPO price of $25 a share. The stock opened at $36 a share in the early afternoon and traded between a high of $38.05 and a low of $30.13 a share.

The pricing of Figure’s IPO came just after Klarna Group PLC’s stock  rose 14.6% on its first day of trading, after the buy-now-pay-later company’s IPO also priced above its estimated range. Klarna’s stock was down 6.7% in its second day of trading Thursday.

• 8 days later