Crypto lending firm Figure Technology files for Nasdaq IPO
Cryptocurrency lending and investing platform Figure Technology Solutions Inc. has filed paperwork associated with its U.S. initial public offering, becoming the latest in a growing list of crypto-focused companies looking to list publicly.
The company revealed in a filing today with the Securities and Exchange Commission that its revenue jumped more than 22%, to $191 million, in the six months ended June 30, reporting a net profit of $29 million, up from a loss of $13 million in the same period one year earlier.
Crypto firms are increasingly weighing up the benefits of listing on the stock exchange in the wake of a series of crypto-friendly policies under President Donald Trump’s administration and the stunning debut of Circle…
