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IPO Report: Figs prices IPO at $22 a share, valuing company around $3.6 billion

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Healthcare apparel company Figs Inc. priced its initial public offering at $22 a share Wednesday night, well above its expected range, valuing the company around $3.6 billion.

Figs also expanded its stock offering, increasing the number of shares sold from 22.5 million to 26.4 million, raising nearly $581 million. Shares are expected to begin trading Thursday on the New York Stock Exchange under the ticker “FIGS.”

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