Blockchain lending institution Figure US stocks rose by more than 44% on the first day of listing

According to ChainCatcher, according to Bloomberg, Figure Technology Solutions Inc. completed an IPO of $787.5 million on Nasdaq. After opening, the stock price rose by more than 44%, closed up 24%, and closed at $31.11, higher than the IPO issue price of $25 per share. The company uses blockchain technology to provide loan services, achieving net profit of US$29.1 million and revenue of US$190.6 million in the first half of the year. The IPO attracted more than 25 times the subscription, and retail investors received large allocations. Figure was founded by former SoFi CEO Mike Cagney and has now issued more than $16 billion in loans through blockchain. .