Figure IPO Filing: Mike Cagney Returns to Public Markets

Figure IPO Filing: Mike Cagney Returns to Public Markets

Figure’s IPO Filing Marks Mike Cagney’s Return to Public Markets Figure Technology, the 7-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq. The IPO filing, which highlights revenue growth of 22.4% to $191 million for the six months ending June 30, also shows a profit of $29 million, reversing a $13 million loss from last year. Figure’s IPO filing marks Mike Cagney’s return to public markets , generating renewed attention for the fintech entrepreneur. Image Credits:Getty Images For Mike Cagney, this filing offers a major comeback. He previously co-founded SoFi, stepping down in 2017 after sexual harassment allegations. SoFi went public in 2021 via a SPAC merger and has performed strongly as a public company, with stock up over 200% in the past year and Q2 2025 revenue growth of 44%. Figure’s Blockchain Lending Growth Since its founding in 2018, Figure has become a notable player in blockchain-based lending. The company claims over 160 part…