RWA's first stock Figure listed on Nasdaq, closing up 24.44% on the first day

On September 11, the blockchain financial infrastructure platform Figure Technology officially listed on NASDAQ under the stock code FIGR, becoming the world's first publicly listed platform with RWA as its core business. On its first day of trading on Thursday, Figure opened at $36, up over 40% from the issue price, and closed at $31.11, a gain of 24.44%. Figure was founded in 2018 by former SoFi founder Mike Cagney. Figure originally planned to issue 26 million shares but raised it twice to 31.5 million shares due to strong market demand, ultimately pricing at $25 per share, higher than the initial range of $20–22, with a total fundraising amount of $787 million, and a market valuation exceeding $5 billion upon listing. The raised funds will primarily be used for daily operations, technology expansion, and external acquisitions and investments