Figure’s IPO filing marks Mike Cagney’s return to public markets

Figure Technology, a blockchain-based lending company, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This move marks the return of Mike Cagney, the co-founder of Figure, to the public markets. Figure, a seven-year-old company, offers a range of financial services, including lending, using blockchain technology. The IPO filing provides an opportunity for Cagney to regain his reputation after he resigned from his previous company, SoFi, amid allegations of sexual misconduct and creating a hostile work environment. The filing does not provide details on the number of shares to be offered or the proposed price range, but it does indicate that Figure intends to use the proceeds from the IPO to fund its continued growth and expansion. The company's entry into the public markets is seen as a significant development in the blockchain-based financial services industry.