Figma has launched its IPO roadshow, planning to offer over 36 million shares of class A stock priced between $25 and $28 each, aiming to raise approximately $1 billion. The market valuation expected for the IPO is around $15.9 billion, lower than the $20 billion acquisition offer made by Adobe but higher than Figma's last private valuation of $12.5 billion. Founded in 2012 by Dylan Field and Evan Wallace, Figma has raised over $740 million in venture capital from several notable investment firms. The IPO pricing is anticipated for the week of July 28.
Figma is kicking off its IPO roadshow, offering over 36 million shares of class A stock priced between $25 and $28 per share, raising around $1 billion.
The expected pricing of Figma's IPO will establish its market value at $15.9 billion, which is below Adobe's $20 billion acquisition offer but above its last private valuation of $12.5 billion.
Figma was founded in 2012 by Dylan Field and Evan Wallace and has raised over $740 million in venture capital from investors such as Andreessen Horowitz and Sequoia.
The company plans to price its IPO the week of July 28 and initially filed for its intent to go public in April.
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