Figure Technology To Raise IPO Size, Price Range Amid Crypto Stock Frenzy: Report

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.

At the top of the range, the sale would raise about $693 million, compared with $526 million under the earlier terms. The report stated that the exact figures were still in flux as of late Monday night and could be revised again before the IPO pricing on Thursday. The blockchain firm, which had initially targeted a valuation of $4.1 billion, is set to list on the Nasdaq under the ticker ‘FIGR’. 

Co-founded in 2018 by technology entrepreneur Mike Cagney, Figure operates a blockchain-native platform that supports lending, trading, and investment in consumer credit and digital assets. Figure swung to a profit of $29 million in the first half of 2025, compared with a $13 million loss a year earlier, according to its IPO filing.

Earlier this year, USD Coin (USDC) issuer Circle Internet (CRCL) also debuted on the New York Stock Exchange (NYSE). Circle’s stock was up 2.6% in morning trade on Tuesday, and has gained around 67% since its listing.

Other IPO debuts this year include Peter Thiel-backed Bullish (BLSH), which hasn’t fared as well. Bullish’s stock was up more than 4% in morning trade, but is down more than 41% since getting listed last month.

Along with Figure, Gemini (GEMI) is also expected to go public later this week. The crypto exchange led by the Winklevoss twins has been priced between $17 and $19 per share, with 16.7 million shares offered.

Read also: Caliber Stock Jumps Over 2000% Pre-Market – Here’s Why

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