appearance (Figr) closed shares at $ 31.11 on September 11 Nasdak For the first time, 24 % of the pre -sale price of $ 25 and the creation of the maximum market is gained with a value of $ 6.6 billion with 211.66 million suspended shares.
The Blockchain lending platform has reached a peak during the day 36.13 dollars, which represents an increase of 44.5 %, before stability at closing levels.
The first appearance continued without interruption, in contrast Writing subscriptions recentlyIt includes circle (CRCL) and the American Bitcoin (ABTC), which faced The pendants that depend on volatility.
The fixed trading pattern of formation reflects the institutional confidence in the company’s distinctive credit model and the created lending operations.
The company published the teacher on X, male:
“What started as an idea to re -imagine capital through Blockchain has become a reality where the money moves faster, cheaper and transparent. We have just started.”
Competitive market position
The number enters public markets as the smallest expression company through the maximum market between the recent subscribers, and exceeds $ 8.04 billion, at a value of 7.52 billion US dollars, 7.52 billion dollars, Galaxy Digital’s 10.99 billion dollars, and Circle 30.74 billion dollars.
However, the number maintains one of the lowest number of shares charges at 211.66 million, with fewer upward stocks issued at 148.91 million.
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He pointed out that Figr has a potential upside down to $ 60 and 75 dollars over 18 to 24 months on the basis of adoption and expansion of the margin. The company runs the first institutional degree lending platform on the chain with loans worth $ 12 billion and about 750 million dollars in monthly assets.
The original Blockchain’s original driver provides operational competencies on traditional lending platforms.
Sigel noted that traditional AAA connections require 100 % loan audits at $ 500 per loan.
However, the non -changing loan level data allows classification agencies to accept samples from 25 to 30 % at $ 100 per loan, which achieves about 100 basis points in savings in the cost of the life cycle.
The company controls about 2.9 % of the credit line in the US $ 406 billion based on shares and about 10 % of the additional flow.
SIGEL estimated that the number could maintain the growth of revenue by 30 % with 40 % of EBITDA margins, to target $ 1.3 billion and $ 520 million from EBITDA by 2027.
The first successful appearance verifies the validity of the institutional demand for the Blockchain financial infrastructure while locating the number as a size player in the symbolic credit markets.
