Figure Technology To Raise IPO Size, Price Range Amid Crypto Stock Frenzy: Report
Synopsis
The new price range is expected to be between $20 and $22 per share, up from the initial offering of between $18 and $20 per share.
Figure Technology Solutions (FIGR) is reportedly looking to increase the size and raise the price of its initial public offering (IPO) amid the current excitement around crypto-linked stocks.
According to a Reuters report, citing people familiar with the matter, the blockchain lender is now considering a price range of $20 to $22 per share, up from its earlier target of $18 to $20. It also plans to increase the offering to 31.5 million shares, compared with the roughly 26 million previously considered.
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