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

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Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

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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