(Reuters) -Blockchain lender Figure Technologies and its selling shareholders aim to raise up to $526.32 million in a U.S. initial public offering, the company said Tuesday, as market optimism drives a wave of new listings.
The company plans to sell 21.46 million shares, while the selling shareholders will offer 4.85 million shares, at an indicative price range of $18 to $20 per share.
A buoyant equity market and strong recent debuts have helped restore investor confidence in new listings.
On Tuesday, Swedish fintech Klarna and Gemini, the cryptocurrency exchange backed by the Winklevoss twins, also launched roadshows.
Goldman Sachs, Jefferies and BofA Securities are the lead underwriters. Figure will list on the Nasdaq under the symbol “FIGR”.
(Reporting by Pritam Biswas in Bengaluru; Editing by Tasim Zahid)
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