American Cryptocurrency Lender 'Figure' Submits Secret Document for Initial Public Offering
Figure Technology Solutions, a US-based fintech company specialising in blockchain technology for financial services, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The planned IPO, expected to take place in 2025, is subject to SEC review and prevailing market conditions[1][2][3][5].
The company intends to list its shares on the Nasdaq Stock Market while maintaining its existing listing on London’s AIM market[2]. Figure's IPO is part of a wider trend of crypto-linked businesses returning to public markets after a long pause, following in the footsteps of successful IPOs such as Circle[6].
Figure Technology Solutions offers a range of financial services, including home equity line of credit (HELOC) lending, cryptocurrency exchange, and securitization platforms. The company has demonstrated significant growth in lending volume, reaching over $5 billion in HELOC originations recently[1][4].
In terms of partnerships, Figure has collaborated with financial services firms like Credit Karma and Guaranteed Rate to support its lending business[1]. However, no verifiable information from the current sources indicates partnerships with major tech companies like OpenAI or Alphabet (Google’s parent company)[1][2][3][4][5].
The exact number of shares or price range for Figure's IPO has not been set yet. Figure Technology Solutions has supported approximately $16 billion in home equity loans[7]. The notice is not an offer to sell shares, and any sale would follow legal steps required by US law.
The company's website lists several top investors, including Apollo Global Management, 10T Holdings, and Ribbit Capital. In the past, Figure has worked with banks such as Goldman Sachs, JPMorgan, and Jefferies[8].
It is not yet confirmed if these banks are involved in Figure's latest SEC filing for the IPO. The full version of Figure's IPO filing will be shared publicly when the company is ready[3].
[1] Figure Technology Solutions Files Confidentially for IPO
[2] Figure Technology Solutions Files for IPO on Nasdaq
[3] Figure Technology Solutions IPO Filing
[4] Figure Technology Solutions Reaches $5 Billion in HELOC Originations
[5] Figure Technology Solutions IPO: What We Know So Far
[6] Circle Completes Successful IPO on the New York Stock Exchange
[7] Figure Technology Solutions IPO: What We Know So Far
[8] Figure Technology Solutions Partners with Goldman Sachs, JPMorgan, and Jefferies
- Figure Technology Solutions, as it navigates the path towards its anticipated 2025 IPO, aims to list its shares on both the Nasdaq Stock Market and London’s AIM market, demonstrating a strong connection between fintech, blockchain technology, and crypto exchanges in the realm of finance and technology.
- Following Circle's successful IPO, Figure Technology Solutions' IPO is part of a larger trend, signifying the return of crypto-linked businesses to public markets, showcasing growing interest in the intersection of finance and cutting-edge technology.
