Figure Technology has raised its IPO price range to $20–$22 per share, lifting potential proceeds to $689 million from the primary offering.
Blockchain-based lending firm Figure Technology Solutions has raised the size of its initial public offering (IPO), with the total deal potentially reaching nearly $800 million.
According to a Tuesday filing, the company is offering 26.6 million shares of Class A common stock at a revised price range of $20 to $22 per share, up from an earlier range of $18 to $20. Selling stockholders will offer an additional 4.85 million shares, bringing the total offering to 31.5 million shares.
If underwriters exercise their full 4.7 million-share overallotment option, the total IPO size, including both primary and secondary shares, could reach $796 million. However, only the primary shares, those sold by Figure, will generate proceeds for the company.
