Figure Technologies is now marketing its IPO at $20-$22 per share, up from $18-$20.
The number of shares offered has increased to 31.5 million from around 26 million.
The IPO aims to raise approximately $693 million, valuing the company at $4.66 billion.
Figure Technologies swung to a profit of $29 million for the six months ended June 30, compared to a $13 million loss in the same period last year.
Billionaire investor Stanley Druckenmiller’s Duquesne Family Office is interested in buying up to $50 million worth of shares.
Figure Technologies, co-founded in 2018 by Mike Cagney, operates a blockchain-native platform for lending, trading, and investing in consumer credit and digital assets. The company highlights its ability to fund home equity loans in just 10 days, significantly faster than the industry average of 42 days. The increased IPO size and price range reflect the positive market response to the company’s financial performance and the overall bullish sentiment towards the crypto industry, further fueled by the Trump administration’s embrace of digital assets.
Q: What is Figure Technologies?
Figure Technologies operates a blockchain-native platform for lending, trading, and investing in consumer credit and digital assets.
Q: What is the IPO price range?
The IPO is priced between $20 and $22 per share.
Figure Technologies’ IPO upsize indicates strong investor confidence in the crypto market.
The company’s focus on blockchain technology for lending and trading positions it well for future growth.
The successful debut of crypto exchange Bullish and stablecoin issuer Circle has positively influenced investor sentiment.
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