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FIGR
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21 days

Figure's IPO filing marks Mike Cagney's return to public markets

1. Figure Technology filed for an IPO on Nasdaq, led by top investment banks. 2. Revenue rose 22.4% to $191 million; company reported a profit of $29 million. 3. CEO Michael Tannenbaum aims to capture real-world asset tokenization opportunities. 4. Failed previous attempts at going public; current market conditions may favor success. 5. Figure expands into cryptocurrency lending, initiating industry's first crypto-backed loans.

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FAQ

Why Bullish?

The positive revenue growth and profitability signal strong business momentum. Similar companies have thrived post-IPO recently, indicating strong investor interest.

How important is it?

The IPO filing and revenue growth directly signal potential stock price appreciation. High investor interest in blockchain financing complements FIGR’s market positioning.

Why Short Term?

The impending IPO could drive immediate market attention and investment. Past successful IPOs in the sector suggest short-lived spikes in stock prices.

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