Figure Technology Raises IPO Price Range, Aiming for $800M
Blockchain-based lending firm Figure Technology has made waves by increasing the size of its initial public offering (IPO), now potentially valued at nearly $800 million. This move showcases the growing influence of blockchain technology in driving financial innovation and attracting investors.
Details of the Offering
According to recent filings, Figure Technology updated its IPO price range to $20–$22 per share, raising the total proceeds from $689 million to approximately $796 million if all options are exercised. The offering includes 26.6 million Class A common stock shares, with an additional 4.85 million shares available from selling stockholders. Should underwriters fully execute their 4.7 million-share overallotment option, the company could achieve this ambitious valuation.
It’s important to note that while the primary shares issued by Figure Technology will generate up to $585 million in gross proceeds, additional shares from existing stockholders will not provide revenue for the company. Instead, only the primary offering will directly benefit its financial growth.
How Figure Plans to Use IPO Proceeds
The raised funds will be strategically deployed to strengthen Figure Technology’s blockchain ecosystem. Key areas of focus include:
- Loan Origination Platform: Enhancing and expanding Figure Connect, the company’s innovative loan platform.
- Digital Asset Marketplaces: Investing in the growth of digital asset trading venues.
- Stablecoin Infrastructure: Boosting the adoption of its registered interest-bearing stablecoin, YLDS, which offers compliance and yield as an alternative to traditional stablecoins.
- Debt Repayment: Utilizing proceeds to clear a portion of outstanding debt.
Figure’s Financial Health
In the first half of 2025, Figure Technology generated $29 million in net income and reported a total stockholders’ equity of $404 million as of June 30, 2025. While it holds a promising future, the company does have an accumulated deficit of $292 million. Nevertheless, its innovation and blockchain-driven approach continue to win investor confidence.
Related IPO Developments
In a related story, crypto exchange Gemini has also increased its IPO price range ahead of its debut. The company now aims for a valuation above $3 billion, with expected proceeds up to $433 million from the offering. This trend highlights the growing momentum behind blockchain and crypto-related IPOs, reflecting the industry’s rapid expansion.
Discover Compatible Products
If you’re interested in diving into blockchain or exploring digital assets, consider learning more about platforms like Ledger Nano X, a secure and portable hardware wallet for storing cryptocurrencies. This product offers unparalleled security for your blockchain investments and is a must-have for any crypto enthusiast.
Conclusion
Figure Technology’s increased IPO target underscores the potential of blockchain technology to transform traditional industries. By strategically leveraging IPO proceeds to enhance its ecosystem, Figure is positioned to be a major player in the financial technology space. Watch closely as both Figure and Gemini set new benchmarks for crypto-related public offerings.
