Lates News

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