By Ateev Bhandari and Arasu Kannagi Basil

(Reuters) – Figure Technology was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to the mainstream.

The New York-based company’s stock opened at $44 per share, compared with the offer price of $25.

Figure and some of its backers raised $787.5 million in an upsized IPO by selling 31.5 million shares, pricing above a previously increased range of $20 to $22 apiece.

U.S. IPOs are set to have their busiest week since 2021, as record-high equity markets encourage a broad slate of listings after tariff-driven volatility shut new issues in April.

As the crypto mania spurred by regulatory wins temp

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