Figure Technology Jumps, Centene Surges, Oracle Cools Down
On this edition of Stock Movers:- Figure Technology (FIGR) shares opened 44% above their IPO price after a listing raising $787.5 million. The blockchain-based credit company joins a cohort of crypto firms in embracing public markets. Figure’s shares opened at $36 each in New York, above its IPO price of $25 apiece. The opening price gives the company a market value of around $7.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion. The company is going public in what’s set to be the US market’s busiest week of the…
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