Figure Technology Solutions, Inc. announced on Tuesday that it has upsized its initial public offering by 5.2 million additional shares.

Originally, the company planned to offer 26.3 million (26,315,789) shares of Class A common stock to the public. Now, they’ve increased that number to 31.5 million shares, of which 26,645,296 shares are being offered by Figure and 4,854,704 shares are being offered by certain of Figure’s existing stockholders.

Tuesday’s news follows last week’s announcement of Figure announcing the launch of its initial public offering (IPO) of 26.3 million shares of Class A common stock in a bid to raise $526 million. It had been rumored in July that Figure was preparing to go public in the fall.

The company initially expected the share price to be between $18 and $20 per share, but Tuesday’s upsizing increased the price range to $20 to $22 per share.

Figure intends to grant the underwriters a 30-day option to purchase up to an additional 4,725,000 shares of its Class A common stock, at the initial public offering price, less underwriting discounts and commissions. The company said that it will not receive any proceeds from the sale of shares by the selling stockholders.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering. Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “FIGR”.

Goldman Sachs, Jefferies and BofA Securities are serving as joint lead bookrunners for the offering. Societe Generale, Keefe, Bruyette & Woods, Mizuho and Stifel are also acting as bookrunners, while Texas Capital Securities, Needham & Co., Piper Sandler, FT Partners, KKR and Roberts & Ryan are co-managers for the proposed offering.

Co-founded in 2018 by Mike Cagney, Figure operates a blockchain-based platform for consumer lending, trading and digital assets investing.

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