Stablecoin Issuer Figure Technologies Set to Upsize IPO as Demand for Crypto-Related Stocks Soars, Reuters Source Says
13 Articles
13 Articles
Crypto firm Figure lifts IPO target ahead of Thursday debut - report (FIGR:Pending)
Figure Technology Solutions (FIGR) is boosting the size and price range of its initial public offering in the wake of strong retail demand for crypto-linked stocks, according to a media report published Tuesday.
Stablecoin issuer Figure Technologies set to upsize IPO as demand for crypto-related stocks soars, Reuters source says
Stablecoin issuer Figure Technologies is increasing the size of its initial public offering, a person familiar with direct knowledge of the matter told Reuters.
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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