Figure Technology expands IPO scale, with a total amount possibly reaching nearly 800 million dollars.

According to BlockBeats news on September 10, as reported by Cointelegraph, the blockchain lending company Figure Technology has increased the size of its initial public offering (IPO), with the total transaction amount possibly approaching $800 million. According to documents submitted on Tuesday, the company intends to issue 26.6 million shares of Class A common stock, with the revised price range set at $20 to $22 per share, up from the previous range of $18 to $20. Selling shareholders will additionally provide 4.85 million shares, bringing the total issuance 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 new shares issued by the company and the shares sold by existing shareholders) could reach $796 million. However, only the new shares issued by the company will bring financing benefits to the company. Among these, the sale of the 26.6 million newly issued shares by Figure is expected to generate up to $585 million in total revenue. If the overallotment option is fully exercised, the total financing amount for the company could reach $689 million. The remaining proceeds from the secondary market shares will belong to existing shareholders.