According to @LexSokolin, when three fintechs IPO'd simultaneously, first-day performance diverged: Figure (blockchain infrastructure) rose about 60%, Klarna (BNPL) gained about 15%, and Gemini (crypto exchange) was roughly flat (source: Lex Sokolin on X, Sep 22, 2025). According to @LexSokolin, this outcome shows Wall Street favoring "boring" blockchain infrastructure over consumer-facing crypto apps, signaling sector preference that traders can note for fintech and crypto-adjacent equities (source: Lex Sokolin on X, Sep 22, 2025). According to @LexSokolin, this shift is set to define the next decade of capital allocation in fintech listings (source: Lex Sokolin on X, Sep 22, 2025).