Blockchain-based lending firm Figure Technology Solutions have increased the size of the initial public offering (IPO), with a total deal that can reach nearly $ 800 million.
According to a Tuesday FileThe company offers 26.6 million Class A sharing standard stock to a modified price range of $ 20 to $ 22 per part, from an earlier $ 18 to $ 20. The sale of stockholders will offer an additional 4.85 million shares, carrying a total offer to 31.5 million shares.
If the underwriters use their entire 4.7 million-sharing a general option in general, the Total Size of IPOIncluding both primary and secondary shares, can reach $ 796 million. However, only the main shares, the figure’s sold, will develop proceeds for the company.
The main sale, which involves 26.6 million shares issued by the figure, will generate up to $ 585 million in gross income. The company can raise up to $ 689 million if the overall is carried out in full. The remaining proceeds from the second shares will go to existing shareholders.
Related: Gemini Boots IPO up to $ 433M, aimed at $ 3 billion appreciation
Figure to strengthen products
The figure aims to use the proceeds to strengthen the blockchain ecosystem, invest in the development of the platform, expand the digital asset markets and repay a portion of the remaining debt.
Specifically, the company plans to speed up the loan source platform, connect the figure, and continue to scale Dart, Onchain Lien and Enote enrollment.
It also aims to enhance infrastructure for US Securities and Exchange Commission registered interest carrying Stablecoin, Ylds, whose figure markets as a following alternative to traditional stablecoins that do not offer yield.
The figure formed the net income of $ 29 million in the first half of 2025 and reported the total stockholders’ total equity of $ 404 million to June 30, 2025. In addition, the company had accumulated $ 292 million.
Related: Figure technology is looking for $ 4B appreciation on public listing as crypto IPO Wave buildings
Gemini is motivating the IPO to offer
On Tuesday, the Crypto Exchange Gemini also Raised IPO price range Up to $ 24- $ 26 per part, aimed at an appreciation above $ 3 billion before the debut this Friday. The offer size remains at 16.67 million shares, but the expected increase has jumped to $ 433 million from the past $ 317 million.
The firm also established by winklevoss Secured nasdaq as a backerwith the exchange set to buy $ 50 million worth of sharing in a private placement.
