圖IPO：區塊鏈評估故事

Fige Technology Solutions的IPO價格為25美元，將區塊鏈本地貸方的評價為53億美元。這對加密IPO波意味著什麼？

Figure's IPO: A Blockchain Valuation Story

圖IPO：區塊鏈評估故事

Figure Technology Solutions has officially entered the public market, pricing its IPO at $25 per share and achieving a valuation of $5.3 billion. This move marks a significant milestone in the growing trend of crypto and blockchain companies going public.

Figure Technology Solutions已正式進入公共市場，其IPO為每股25美元，並獲得了53億美元的估值。此舉標誌著加密貨幣和區塊鏈公司公開趨勢的增長趨勢的一個重要里程碑。

Figure's IPO: Pricing and Valuation

Figus的IPO：定價和估值

Figure's IPO priced at $25, exceeding initial estimates of $20-$22 per share. This strong demand indicates investor confidence in the company's blockchain-native model. The IPO includes 31.5 million Class A shares, with trading commencing on the Nasdaq under the ticker symbol 'FIGR'.

Figure的IPO價格為25美元，超過每股20-22美元的初始估計。這種強勁的需求表明投資者對公司的區塊鏈本地模型的信心。 IPO包括3150萬級A級股票，在納斯達克股票“ Figr”下開始交易。

A Closer Look at the Numbers

仔細觀察數字

The $25 IPO price values Figure at approximately $5.3 billion, based on over 211 million outstanding shares. The offering is managed by financial heavyweights like Goldman Sachs, Jefferies, and BofA Securities, further solidifying its market position. Figure's decision to increase its share portion of the IPO suggests a strategic move to retain capital for future growth.

25美元的IPO價格價值數量約為53億美元，基於超過2.11億股流通股。該產品由高盛，Jefferies和Bofa Securities等金融重量級人物管理，進一步鞏固了其市場地位。 Figure的決定增加了IPO的份額，這表明要為未來增長的資本保留資本的戰略舉動。

Figure's Business Model: Disrupting Lending with Blockchain

圖的業務模型：用區塊鏈破壞貸款

Figure operates a blockchain-powered lending platform, leveraging Provenance Blockchain to streamline loan origination and servicing. They've originated over $16 billion in loans to date, establishing themselves as a major player in home equity financing. This innovative approach sets them apart from traditional lenders.

Figure操作一個由區塊鏈供電的貸款平台，利用出處區塊鏈來簡化貸款的起源和維修。迄今為止，他們起源於160億美元的貸款，確立自己是房屋淨值融資的主要參與者。這種創新的方法使他們與傳統貸方區分開來。

The Crypto IPO Wave

加密iPo浪潮

Figure's IPO is part of a larger trend of crypto companies going public in 2025. Following in the footsteps of Coinbase and Circle, Figure's listing signals growing mainstream acceptance of blockchain technology. With other major firms like Kraken and Grayscale reportedly considering IPOs, the crypto IPO wave is far from over.

Figure's IPO是2025年加密公司公開趨勢的更大趨勢的一部分。在Coinbase和Circle的腳步之後，Figure的清單信號越來越多地成為區塊鏈技術的主流接受。據報導，由於Kraken和Grayscale等其他主要公司正在考慮IPO，加密IPO浪潮還遠遠沒有結束。

Is the Valuation Justified? A Broader Perspective

估值是合理的嗎？更廣泛的觀點

While Figure's valuation appears high, its strong revenue growth and innovative use of blockchain technology could justify the premium. However, investors should consider the broader market conditions and potential risks associated with the crypto industry. A comparable analysis reveals Token's Price-to-Earnings (P/E) ratio at 12.5x, positioning it as more expensive than the Japanese consumer durables industry average of 11.4x, but lower than its peer average of 31.9x. The market pays a premium for Token’s robust revenue growth and recent profit acceleration. However, the below-average Return on Equity and moderate forecasted earnings growth raise questions about whether the higher valuation multiple is fully justified by future prospects.

儘管Figure的估值似乎很高，但其強勁的收入增長和區塊鏈技術的創新使用可以證明溢價是合理的。但是，投資者應考慮與加密行業相關的更廣泛的市場狀況和潛在風險。一項可比的分析表明，令牌的市盈率為12.5倍，其定位比日本消費者耐用性行業平均11.4倍貴，但低於同伴平均值31.9倍。該市場為令牌強勁的收入增長和最近的利潤加速支付了溢價。但是，低於平均水平的股本回報率和中等預測的收益增長引起了關於較高估值多重多重倍數是否完全合理的未來前景的疑問。

Final Thoughts

最後的想法

Figure's IPO is a big deal for the blockchain space. Whether or not the $5.3 billion valuation is fully justified remains to be seen, but one thing's for sure: it's an exciting time to be watching the evolution of blockchain in the public markets. Keep an eye on that ticker, 'FIGR'!

Figure的IPO對於區塊鏈空間來說是一件大事。 53億美元的估值是否完全合理，還有待觀察，但可以肯定的是：這是觀看公共市場中區塊鏈演變的激動人心的時刻。請密切關注該股票，“ figr”！