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Figure Expands IPO Size and Raises Share Price Range

The stablecoin issuer increased its IPO to 31.5 million shares and raised the price range to $20–22 per share, reflecting higher fundraising ambitions.

Summary

Figure, a stablecoin issuer, expanded its initial public offering by boosting the number of shares from 26 million to 31.5 million. The company also raised its IPO price range from $18–20 to $20–22 per share, according to reports on September 9. The move highlights Figure’s aim to secure more capital as it enters the public markets.

Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the US dollar.
  • IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time.
  • Share Price Range: The set minimum and maximum prices within which the shares of a company are expected to be sold during an IPO.