Blockchain -based lending firm data solutions have increased the size of its initial public offer (IPO), with a total contract likely to reach nearly $ 800 million.
According to the filing on Tuesday, the company is offering 26.6 million shares of the Class A joint stock, which is priced at $ 20 to 22 per share, up from $ 18 to 20. The selling stock holders will offer an additional 4.85 million shares, which will bring 31.5 million shares to the total offer.
If the underwriters use the overall overash option of their full 4.7 million shares, the total IPO size, including both basic and secondary shares, can reach 6 796 million. However, only basic shares, which are sold by data, will generate income for the company.
The basic sales, which include 26.6 million shares released by the data, will have income of up to $ 585 million. If used overall, the company can raise up to $ 689 million. The remaining amount from the second shares will be to the current shareholders.
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Data to strengthen the product
The data plans to stabilize its blockchain environment system, invest in the development of the platform, expand its digital asset markets and use this amount to pay a portion of the outstanding loan.
Specifically, the company plans to adopt its debt start platform, connect data, and to accelerate the scaling dart, its high -ranking and the auxiliary registry.
It intends to extend the Stabon, YLDS infrastructure, registered with its US Securities and Exchange Commission, which markets as a replacement for traditional stables that do not offer production.
The data earned net income of $ 29 million in the first half of 2025 and reported the $ 404 million equity of stock holders by June 30, 2025. In addition, the company has a $ 292 million accumulated deficit.
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Gemini promoted the IPO offer
On Tuesday, the Crypto Exchange Gemini also extended its IPO price limit to $ 24 – $ 26 per share, aimed at $ 3 billion before the first start of Friday. The offer is at 16.67 million shares, but the expected increase has increased from $ 317 million to $ 433 million.
The one -kilo -based firm obtained the backing of Nice Deck as a backdrop, with the exchange built in a private place to buy a million shares worth 50 million.
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