RWA's first stock Figure landed on Nasdaq, with a first-day closing price increase of 24.44%.
On September 11th, the blockchain financial infrastructure platform Figure Technology was officially listed on the NASDAQ under the stock code FIGR, becoming the world's first listed platform with RWA as its core business. On the first day of trading on Thursday, Figure opened at $36, up more than 40% from its issue price, closing at $31.11, up 24.44%. Figure was founded by former SoFi founder Mike Cagney in 2018. Figure originally planned to issue 26 million shares of stock, but due to strong market demand, it was increased twice to 31.5 million shares, eventually priced at $25 per share, higher than the original range of $20 to $22, raising a total of $787 million and achieving a market valuation of over $5 billion. The raised funds will be mainly used for daily operations, technological expansion, and external acquisitions and investments.
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