💥 Gate Square Event: #PTB Creative Contest# 💥
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CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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Blockchain lending company Figure rose 24% on its first day of trading, with its IPO receiving 25 times oversubscription.
[Chain News] On September 12, it was reported that Figure Technology Solutions Inc. completed a $787.5 million IPO on Nasdaq, with the stock price rising over 44% at one point after opening. The stock closed up 24%, ending at $31.11, higher than the IPO issuance price of $25 per share. The company utilizes Blockchain technology to provide loan services, achieving a net profit of $29.1 million and revenue of $190.6 million in the first half of the year. This IPO attracted over 25 times subscription, with retail investors receiving large allocations. Figure was founded by former SoFi CEO Mike Cagney and has issued over $16 billion in loans through Blockchain.