Jay Heller, head of capital markets and IPO execution for Nasdaq, works during Blockchain lender Figure Technology Solutions company’s IPO at the Nasdaq Market in New York City, U.S., September 11, 2025. REUTERS/Eduardo Munoz
(Reuters) -Figure Technology was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to the mainstream.
The New York-based company’s stock opened at $44 per share, compared with the offer price of $25.
Figure and some of its backers raised $787.5 million in an upsized IPO by selling 31.5 million shares, pricing above a previously increased range of $20 to $22 apiece.
U.S. IPOs are set to have their busiest week since 2021, as record-high equity markets encourage a broad slate of listings after tariff-driven volatility shut new issues in April.
(Reporting by Arasu Kannagi Basil and Ateev Bhandari in Bengaluru; Editing by Tasim Zahid)
