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Dylan Field, co -founder and CEO of Figma Inc., after the morning sessions of the Media and Technology Conference of Allen & Co. In Sun Valley, Idaho, on July 11, 2024.
David Paul Morris | Bloomberg | Ghetto images
Designer software company Figma Monday publishes Prospectus For its original public offering.
The company said it expects to sell about 37 million shares at $ 25 to $ 28 each. This would generate $ 1 billion in receipts between the company and the sale of shareholders.
IPO can estimate Figma, led by co -founder Dylan Field, a fully diluted estimate of $ 14.6 billion to $ 16.4 billion. Field plans to sell 2.35 million shares, which can cost up to $ 65.8 million.
In a tender offer, investors estimated the company at $ 12.5 billion. In 2022, Adobe had agreed to acquire Figma for $ 20 billion, but the deal was scrambled After the regulators objected.
The flow of technology companies joining US exchanges has been delayed since the end of 2021. Inflation and recession have made some investors less interested in supporting rapidly developing but losing money companies.
But several technological stocks have become available in recent months. Coreweave went publicly in March and Circle and Bell Shares started trade in JuneS
Figma filed publicly on July 1stannouncing plans for trading on the New York Stock Exchange under the symbol “FIG”.
On Monday, he provided preliminary results for the second quarter, showing from $ 9.0 million to $ 12.0 million operating income for revenue from $ 247 million to $ 250 million. This would mean an increase in revenue during the year of 39% at the low end and 41% at the high end. The growth in the first quarter exceeded 46%.
In the second quarter, Figma added customers and expanded the business with existing ones. The company’s operating margin will be revoked up to 4% to 5%, compared to 3% in the same quarter a year ago, based on preliminary results.
Figma said she had authorized the issuance of “ordinary blockchain shares” in the form of “blockchain -based markers”. So far, however, Figma said he did not plan to publish this type of stock. In July, Figma revealed investments in a stable and fund traded on Bitcoin.
Mike Kriger, co -founder of Instagram, who is now chief product director of artificial intelligence model Anthropjoined the board. Luis von Ann, co -founder and CEO of DuolingoHe also joins the board, according to the submission.
