<blockquote> <p>Figure Technology Expands IPO Size, Potentially Raising Nearly $800 Million</p> </blockquote>

BlockBeats News, September 10th, according to Cointelegraph, blockchain lending company Figure Technology has increased the size of its initial public offering (IPO), with the total value of the transaction possibly approaching 8 billion U.S. dollars.

According to a filing submitted on Tuesday, the company plans to issue 26.6 million shares of Class A common stock, with a revised offering price range of $20 to $22 per share, higher than the previous range of $18 to $20. Selling shareholders will provide an additional 4.85 million shares, bringing the total offering 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 additional shares issued by the company and the shares sold by existing shareholders) could reach 7.96 billion U.S. dollars. However, only the newly issued shares by the company can bring funding proceeds to the company.

Specifically, the sale of 26.6 million newly issued shares by Figure is expected to generate up to 5.85 billion U.S. dollars in total revenue. If all overallotment options are exercised, the total funding for the company could reach 6.89 billion U.S. dollars. Profits from the remaining shares from the secondary market will belong to existing shareholders.