Figure Technologies Increases US IPO Size, Price Range Amid Strong Demand

Figure Technologies, a San Francisco-based blockchain lender and stablecoin issuer, is increasing the size and price range of its upcoming IPO due to strong investor demand, particularly from retail investors. The company now plans to sell 31.5 million shares at $20 to $22 each, up from 26 million shares at $18 to $20, potentially raising nearly $700 million and valuing the firm at approximately $4.66 billion. Trading will begin on Nasdaq under the ticker FIGR, with major financial firms and notable investors like Stanley Druckenmiller’s Duquesne Family Office backing the offering. This move reflects robust enthusiasm for crypto-related equities amid a pro-crypto stance from the Trump administration and successful recent IPOs from other crypto firms such as Bullish and Circle. Founded in 2018, Figure has innovated in home equity lending by leveraging blockchain to reduce loan funding times significantly and recently turned profitable with a $29 million profit in the first half of 2025. The company is among several crypto firms going public soon, including Gemini, indicating sustained momentum in blockchain finance IPOs.