News

Jinse Finance reported that blockchain lending platform Figure Technology Solutions has announced details of its initial public offering (IPO). It is reported that 26,315,789 shares of Class A common stock will be issued in this offering, of which 21,461,085 shares will be issued by Figure and 4,854,704 shares will be sold by certain selling shareholders. The IPO price is expected to be between $18.00 and $20.00 per share. Figure will not receive any proceeds from the sale of shares by the selling shareholders. Figure expects to grant underwriters a 30-day option to purchase up to 3,947,368 additional shares of Class A common stock at the IPO price, less underwriting discounts and commissions. In addition, Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "FIGR".

ChainCatcher News, the Conflux Foundation has announced a proposal to authorize the Conflux Ecosystem Fund to seek cooperation with publicly listed companies in order to promote ecosystem development and attract more capital and partners. This collaboration will focus on the Digital Asset Treasury (DAT) and ecosystem development areas, including POS node operations, on-chain liquidity, and RWA asset management. According to the announcement, CFX tokens injected into the digital asset treasury of listed companies will have a lock-up period of no less than 4 years. The Foundation plans to initiate a community governance vote on this matter in the near future to solicit opinions from community members. The voting announcement will be released in due course, and the Foundation encourages community members to actively follow and participate.