Figure’s IPO Targets Soar Past $800 Million; Gemini Boasts $3 Billion Valuation

Blockchain lending platform Figure Technology Solutions has expanded its initial public offering (IPO) range, potentially reaching up to $796 million. This surge in proceeds will fuel the firm’s growth initiatives including its loan origination platform Figure Connect, the Dart registry system, and its SEC-registered stablecoin YLDS. Meanwhile, Gemini, founded by Cameron and Tyler Winklevoss, also boosted its IPO price range to $24-$26 per share, expecting to raise $433 million from the new offering size of 16.67 million shares. This move reflects their anticipation for a valuation of over $3 billion during their public debut on Friday. Figure’s IPO plans include investing in its blockchain infrastructure and bolstering its stablecoin YLDS, while Gemini’s private placement with Nasdaq adds further confidence to the upcoming listing.