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Blockchain lender Figure raises $787.5 million in US IPO
Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance. A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and inflows from exchange-traded funds have spurred listings from the sector, which recently surpassed a market value of $4 trillion. The New York-based company and certain existing investors sold 31.5 million shares at $25 each, above its previously increased range of $20 to $22 ... (full story)
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