12 Best IPO Stocks with Huge Upside Potential

9. Figure Technology Solutions Inc. (NASDAQ:FIGR)

Average Upside Potential: 58.38%

Figure Technology Solutions Inc. (NASDAQ:FIGR) is one of the best IPO stocks with huge upside potential. On July 6, Figure Technology announced its intention to offer $600 million in aggregate principal amount of senior notes through a private offering. This transaction is exempt from the registration requirements of the Securities Act of 1933 and is subject to market and other customary conditions.

The company plans to use the net proceeds to fund the cash consideration for its acquisition of Kiavi, an AI-powered lending platform for residential real estate investors, as well as for general corporate purposes and related transaction fees. The completion of the notes offering is not conditional upon the finalization of the Kiavi acquisition.

These notes will be guaranteed on a joint and several basis by certain domestic wholly-owned subsidiaries of Figure Technology Solutions Inc. (NASDAQ:FIGR). The offering is restricted to qualified institutional buyers in the US and non-US persons outside the country, as the notes will not be registered under the Securities Act or applicable state securities laws.

Figure Technology Solutions Inc. (NASDAQ:FIGR) is a US fintech company operating a blockchain‑native capital marketplace for loan origination, funding, and trading of tokenized assets, including consumer credit and digital asset products.