Blockchain lending platform Figure adjusts its US stock IPO fundraising scale up by 32%, aiming to raise USD 662 million
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Blockchain lending platform Figure Technology Solutions on Tuesday raised the proposed fundraising scale of its initial public offering (IPO), planning to raise $662 million by issuing 31.5 million shares at a price range of $20 to $22 per share. New investor the Duken Family Office plans to subscribe for $50 million worth of shares. Figure holds the top position in the home equity line of credit market, with a transaction scale of $5 billion and revenue of $375 million in 2024. The company plans to list on NASDAQ under the ticker symbol "FIGR"
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