Figure Technology and Gemini Increase IPO Offerings Significantly
- Figure Technology Solutions has raised its IPO size to potentially reach $800 million, offering shares at $20 to $22 each.
- The company plans to issue a total of 31.5 million shares, including an overallotment option of up to 4.7 million shares.
- Proceeds from the primary share sale could generate up to $585 million for Figure, aimed at strengthening its blockchain ecosystem and expanding digital asset marketplaces.
- Gemini also increased its IPO price range to $24–$26 per share, targeting a valuation above $3 billion with an expected raise of $433 million.
- Gemini’s offering remains at approximately 16.67 million shares, backed by Nasdaq’s commitment to purchase $50 million in shares privately.
Both Figure Technology and Gemini are capitalizing on favorable market conditions by significantly increasing their IPO offerings, which reflects growing investor interest in the cryptocurrency sector.
Figure aims for gross proceeds of up to $585 million from its primary share issuance while Gemini seeks a valuation exceeding $3 billion with its revised offering price.(Source)
