Major US crypto firms target multi-billion valuations in their IPOs
Gemini and Figure are targetting combined valuations exceeding $6.3 billion for their initial public offerings (IPO) as digital asset firms capitalize on renewed investor appetite for public market debuts, Reuters reported on Sept. 2.
Blockchain lender Figure Technologies aims to raise up to $526.3 million at a maximum valuation of $4.13 billion. Meanwhile, Gemini exchange is seeking $317 million at a $2.22 billion valuation.
The filings highlight the momentum building behind crypto IPOs following successful debuts by Circle and Bullish in 2025.
Figure plans to sell 26.3 million shares at $18 to $20 each, with existing investors participating in the offering. Co-founded by technology entrepreneur Mike Cagney in 2018, the company operates…
