Figure Technology and Gemini are the latest crypto-born companies seeking to replicate the success of the first public (IPO) of previous listings such as Circle and Bullish.
Kraken, Grayscale and Bitgo also have upcoming IPOs as they continue to show a clarity of the recent regulations and a persistent appetite for the crypto public list encouraged by the US custody Trump administration.
The diagram raises the IPO target
Figure Technology from Stablecoin issuers has officially increased the size of its IPOs and increased its price range as retail investors bid on crypto stocks.
The company currently markets IPOs at a price range of $20-$22 per share. This is rising from the $18 to $20 per share range. The number of shares has also been raised from about 26 million to 31.5 million.
At the top of the new pricing range, the figure's IPO raises around $693 million, with the company valued at $4.666 billion. At previous prices, the figure's IPO raised $526 million, valued the company at $4.1 billion.
The blockchain company is scheduled to open trading on the Nasdaq under the symbol figure on Thursday.
Stakeholders believe the attention the IPO is getting can be attributed to the Trump administration's embrace of the crypto industry, particularly following the successful debut of Crypto Exchange Bullish and Stablecoin Issuer Circle in recent weeks.
Gemini taps Nasdaq as an advisor before the public list
Another company that is on the US public list is Gemini. This recently secured the Nasdaq as a strategic investor and strengthened its financial support.
The exchange is moving forward with plans for its New York list this week, marking a key milestone in its growth strategy, according to the report.
Gemini could raise $317 million in its initial public offering, and reportedly NASDAQ lined up Nasdaq to buy as many as $50 million in private placement at the time of the IPO.
The investment is part of a partnership that will allow Nasdaq clients to access Gemini's custody and staking services, with Gemini's institutional clients accessing Nasdaq's Calypso platform to manage and track transaction collateral.
Gemini is scheduled to trade on the Nasdaq under ticker “Jemi” on Friday. That flotation will be the third public crypto exchange after bull and Coinbase, the first crypto exchange to join the S&P 500.
Winklevoss Twins aims to leverage this investment to expand Gemini's offering and strengthen the market presence, focusing on regulatory compliance and user trust.
