Figure Technology Solutions has increased the size of its initial public offering (IPO), with potential total proceeds estimated at nearly $800 million. The company is offering 26.6 million shares of Class A common stock at a revised price range of $20 to $22 per share, raising the offering from an earlier range of $18 to $20. Additionally, selling stockholders will provide 4.85 million shares, totaling 31.5 million shares offered. If the underwriters fully exercise their 4.7 million-share overallotment option, the total proceeds, including both primary and secondary shares, could reach $796 million. Of that, up to $585 million would be generated from primary shares sold by Figure. The funds from the IPO are aimed at enhancing its blockchain ecosystem and repaying some outstanding debt. Figure has reported a net income of $29 million in the first half of 2025 and total stockholders’ equity of $404 million as of June 30, 2025, although it has an accumulated deficit of $292 million.

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