(Reuters) - Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance.

A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and ETF inflows have spurred listings from the sector, which recently surpassed $4 trillion in market value.

The New York-based company and certain existing investors sold 31.5 million shares at $25 each, above its previously increased range of $20 to $22 apiece. The IPO valued Figure at $5.29 billion.

Figure also raised the number of shares offered to 31.5 million from 26 million on Tuesday.

Figure will begin trading on the Nasdaq on Thursday under the ticker symbol "FIGR".

Goldman Sachs, Jefferies and BofA Securities were the lead underwriters of the IPO.

(Reporting by Ateev Bhandari and Angela Christy in Bengaluru; Editing by Mrigank Dhaniwala)