Blockchain lender Figure Technology Solutions plans to raise $526 million in its IPO, with 21.5 million shares to be sold at $18 to $20 each, valuing the company at $4.3 billion. Recent financials show revenues climbing to $191 million in the first half of this year, up from a $200 million Series D round in 2021. Figure is known for its blockchain-based financial products.

Figure is not the only blockchain company aiming for a public listing. Gemini crypto exchange filed for an IPO to raise up to $317 million, while Kraken is rumored to be seeking a $500 million raise at a $15 billion valuation. The crypto IPO rush continues, with industry players exploring alternative routes to the public markets, such as Bitcoin Infrastructure Acquisition Corp launching a SPAC targeting a $200 million raise through an IPO.

In August, digital asset exchange operator Bullish had a successful IPO, with shares soaring as much as 218% on the first day of trading. The company’s IPO valuation was increased to $4.8 billion due to strong institutional demand, ultimately reaching a valuation of about $9.6 billion. Stablecoin issuer Circle also had a successful IPO, raising roughly $1.1 billion and seeing its stock double on the first day, resulting in a market capitalization of around $30 billion.

Read more at Cointelegraph: Figure Technology Seeks $526M IPO