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Stablecoin Issuer Figure Technologies Set to Upsize IPO as Demand for Crypto-Related Stocks Soars, Reuters Source Says

Summary by CNBC
Stablecoin issuer Figure Technologies is increasing the size of its initial public offering, a person familiar with direct knowledge of the matter told Reuters.

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Key points of the news: Founded in 2018 by Mike Cagney, Figure has funded more than $16 billion in blockchain loans. Figure raises the size of its IPO to $693M with 31.5M of shares and a range of $20-22, which would bring its valuation to $4.7 billion. The company will offer 26.6M of shares and shareholders 4.9M, while Duquesne Family Office plans to invest up to $50M. Figure Technology Solutions prepares its outing with an initial offer that co…

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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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PressNewsAgency broke the news in on Tuesday, September 9, 2025.
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