Figure Technologies, a blockchain lender based in San Francisco, has adjusted the size and price range of its upcoming initial public offering (IPO) following a surge in investor appetite for crypto stocks. The firm now plans to offer 31.5 million shares at $20 to $22 each, up from its previous plan of 26 million shares at $18 to $20. This move has increased the expected fundraising to $693 million and will establish Figure’s valuation at a record-breaking $4.66 billion, making it the largest IPO for a U.S.-based blockchain-native lender based on revenues. Trading is slated to begin Thursday on the Nasdaq under the ticker FIGR, with Goldman Sachs, Jefferies, and BofA Securities leading the deal. Billionaire Stanley Druckenmiller’s Duquesne Family Office has pledged to buy up to $50 million worth of shares. In addition, Middle Eastern sovereign wealth funds are showing interest in the company’s IPO, highlighting global demand for crypto-related stocks.