<blockquote> <p>Figure Technology Expands IPO Size, Potentially Raising Nearly $800 Million</p> </blockquote>

By: theblockbeats.news|2025/09/10 09:12:34
0
Share
copy

BlockBeats News, September 10th, according to Cointelegraph, blockchain lending company Figure Technology has increased the size of its initial public offering (IPO), with the total value of the transaction possibly approaching 8 billion U.S. dollars.

According to a filing submitted on Tuesday, the company plans to issue 26.6 million shares of Class A common stock, with a revised offering price range of $20 to $22 per share, higher than the previous range of $18 to $20. Selling shareholders will provide an additional 4.85 million shares, bringing the total offering to 31.5 million shares.

If the underwriters exercise all 4.7 million shares of the overallotment option, the total size of the IPO (including the additional shares issued by the company and the shares sold by existing shareholders) could reach 7.96 billion U.S. dollars. However, only the newly issued shares by the company can bring funding proceeds to the company.

Specifically, the sale of 26.6 million newly issued shares by Figure is expected to generate up to 5.85 billion U.S. dollars in total revenue. If all overallotment options are exercised, the total funding for the company could reach 6.89 billion U.S. dollars. Profits from the remaining shares from the secondary market will belong to existing shareholders.

You may also like

Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S

July 5 Market Important Events Overview

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com