Figma looks to raise nearly $1B as it kicks off its IPO roadshow

Enterprise Design Startup Figma has entered the next step in its IPO journey.

Figma announced on Monday Its IPO kicking from the RoadshowThe The company plans to supply more than 36 million shares of Class A stock, which is expected to be $ 25 to $ 28 in share. This offer includes a mixture of primary and secondary shares and will allow the company to increase the $ 1 billion.

The company is expected to pay its IPO prices in the week of July 28.

If the company pays its shares in the middle of its range it will earn $ 15.9 billion in the market value, According to the capital of the RenaissanceThe

That is less than the assessment Adobe that has offered $ 20 billion According to the pitchbook data, the latest personal evaluation of the company is more than $ 12.5 billion in September 2022.

Fig Initially filed his intention Go back to the public in April.

The company was founded by Dylan Field and Ivan Wallace in 2012. To today, it has collected more than $ 740 million from Venture Capital from the company of Andresen Harovits, General Catalists and Sikoia and others.