Stablecoin issuer Figure will raise approximately $693 million, up from $526 million previously

According to a source familiar with the matter, stablecoin issuer Figure Technologies will expand its IPO offering size and raise its price as retail investors drive up prices for crypto-related stocks. The source said the company is considering raising its IPO price range from $18-20 per share to $20-22 per share and increasing the number of shares offered from approximately 26 million to 31.5 million. At the new price, the company will raise approximately $693 million, up from the previous $526 million. (Jinshi)