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The IPO of Figure has successfully gone public. The stock is priced at $25 per share, with a total raise of $875 million. It’s reportedly traded on NASDAQ under the ticker symbol FIGR. Since it’s a blockchain lending platform founded by the co-founder of SoFi, I’ve been paying a bit of attention.
I’m curious about the stock price movement of Figure. They’re also working on AI-related projects, so I wonder how the market will evaluate the combination of FinTech and blockchain. It seems the funding scale has expanded beyond the initial plan, so investor expectations are probably quite high.
What do you guys think? Where do you see Figure’s IPO heading in the long term?