Figure Technology Solutions announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its equity securities, anticipated to take place in 2025.
Real-World Asset Tokenization Firm Figure Submits IPO Draft Registration Statement
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The specific number of shares to be offered and the price range for the offering have yet to be determined. The IPO is contingent upon market conditions and the completion of the SEC’s review process. Figure is a blockchain-native capital marketplace that links origination, funding, and secondary market activities. With over 175 partners, it has originated over $16 billion in home equity and other products, making it the largest non-bank provider of home equity financing in the U.S. The company leads the market in real-world asset ( RWA) tokenization, with its latest securitization receiving a AAA rating from S&P.
