By Echo Wang

NEW YORK (Reuters) -Stablecoin issuer Figure Technologies is increasing the size and upping the price of its initial public offering as retail investors bid up crypto-related stocks, a person familiar with direct knowledge of the matter told Reuters.

The company is considering a new IPO price range of $20 – $22 a share – from $18 – $20 a share – and raising the number of shares to 31.5 million from around 26 million, this person said, asking not to be identified because the information isn’t public yet.

The new pricing will raise roughly $693 million, up from $526 million. The exact amounts were still in flux late Monday night and could be adjusted again before its IPO on Thursday, this person said, cautioning that the decision to revise the IPO plan wasn’t yet final.

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