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Stablecoin issuer Figure Technologies set to upsize IPO as demand for crypto-related stocks soars, source says

From channelnewsasia.com

Stablecoin issuer Figure Technologies is increasing the size and upping the price of its initial public offering as retail investors bid up crypto-related stocks, a person familiar with direct knowledge of the matter told Reuters. The company is considering a new IPO price range of $20 - $22 a share – from $18 - $20 a share – and raising the number of shares to 31.5 million from around 26 million, this person said, asking not to be identified because the information isn't public yet. The new pricing will raise roughly $693 million, up from $526 million. The exact amounts were still in flux late Monday night and could ... (full story)

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