Figma prices IPO at $33, above expected range
Summary
Figma priced its IPO at $33 per share, above the expected range, and plans to begin trading on the New York Stock Exchange under the ticker FIG. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma now carries a $19.3 billion valuation after its previously planned $20 billion sale to Adobe collapsed in 2023. The company continues to show strong growth, with quarterly revenue rising about 40% year over year and profits improving significantly. Major investors including Index Ventures, Greylock, Kleiner Perkins, and Sequoia are selling part of their holdings in the offering.
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