The price of the shares of the figure increased by more than 44% after its initial public offer, which leads to its market capitalization to more than $ 7.8 billion.
Summary
- The price of the technology actions in the figure jumped after its opi.
- The company’s market capitalization increased to $ 7.8 billion.
- Recent IPOED companies such as Klarna, Circle and Bullish have erased initial profits.
Figure support jumps after the IPO
The actions of figures technologies were quoted at $ 32 at the time of the public Fonr range.
The OPI of the figure is another great victory for the cryptocurrency industry. It joins companies like Circle and Bullish, who have raised millions of dollars this year when they go over. Gemini, the cryptographic exchange owned by the Winklevos Twins, will be made public on September 12.
The main business technology business is located in the domestic capital loan industry, where it facilitated more than $ 6 billion in loans in the first six months of the year. According to its S1 Presentation, the company’s revenues during the first six months of the year increased to $ 190 million from $ 156 million in 2024. Its income in 2024 was $ 340 million, compared to $ 209 million the previous year.
Most of their income comes from profits in the sale of loans followed by interest income and origin rates. The figure is profitable, generating a net income of $ 29 million in the first six months of the year.
Klarna, Circle and Bullish Stock have crashed after the initial pop
The main risk facing the figure is that recently, public companies have not sustained their initial profits. The price of the actions of the circle has collapsed in 56% from its highest point this year.
Bullish, while the action initially increased to $ 117 after the OPI, has collapsed 56% to $ 53. The price of Klarna shares has crashed from $ 57 on Wednesday to $ 43 today.
The same happened among other companies that were made public this year, such as Coreweave, Etoro and Webull. Webull, a Robinhood rival, was the most extreme since it increased from $ 10 to $ 80 a few days after its opi and then submerged to $ 13 today.
The shares are submerged after the OPI as its initial impulse and exaggeration are relieved and measure that some of the first investors sell. For example, Cathie Wood was one of the best Circle stock sellers After his stock he emerged.
Therefore, there is the probability that the price of the shares of the figure is blocked in the next few days.
