图IPO：区块链评估故事

Fige Technology Solutions的IPO价格为25美元，将区块链本地贷方的评价为53亿美元。这对加密IPO波意味着什么？

Figure's IPO: A Blockchain Valuation Story

图IPO：区块链评估故事

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已正式进入公共市场，其IPO为每股25美元，并获得了53亿美元的估值。此举标志着加密货币和区块链公司公开趋势的增长趋势的一个重要里程碑。

Figure's IPO: Pricing and Valuation

Figus的IPO：定价和估值

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价格为25美元，超过每股20-22美元的初始估计。这种强劲的需求表明投资者对公司的区块链本地模型的信心。 IPO包括3150万级A级股票，在纳斯达克股票“ Figr”下开始交易。

A Closer Look at the Numbers

仔细观察数字

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价格价值数量约为53亿美元，基于超过2.11亿股流通股。该产品由高盛，Jefferies和Bofa Securities等金融重量级人物管理，进一步巩固了其市场地位。 Figure的决定增加了IPO的份额，这表明要为未来增长的资本保留资本的战略举动。

Figure's Business Model: Disrupting Lending with Blockchain

图的业务模型：用区块链破坏贷款

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操作一个由区块链供电的贷款平台，利用出处区块链来简化贷款的起源和维修。迄今为止，他们起源于160亿美元的贷款，确立自己是房屋净值融资的主要参与者。这种创新的方法使他们与传统贷方区分开来。

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年加密公司公开趋势的更大趋势的一部分。在Coinbase和Circle的脚步之后，Figure的清单信号越来越多地成为区块链技术的主流接受。据报道，由于Kraken和Grayscale等其他主要公司正在考虑IPO，加密IPO浪潮还远远没有结束。

Is the Valuation Justified? A Broader Perspective

估值是合理的吗？更广泛的观点

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.

尽管Figure的估值似乎很高，但其强劲的收入增长和区块链技术的创新使用可以证明溢价是合理的。但是，投资者应考虑与加密行业相关的更广泛的市场状况和潜在风险。一项可比的分析表明，令牌的市盈率为12.5倍，其定位比日本消费者耐用性行业平均11.4倍贵，但低于同伴平均值31.9倍。该市场为令牌强劲的收入增长和最近的利润加速支付了溢价。但是，低于平均水平的股本回报率和中等预测的收益增长引起了关于较高估值多重多重倍数是否完全合理的未来前景的疑问。

Final Thoughts

最后的想法

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对于区块链空间来说是一件大事。 53亿美元的估值是否完全合理，还有待观察，但可以肯定的是：这是观看公共市场中区块链演变的激动人心的时刻。请密切关注该股票，“ figr”！