Figma’s IPO price hit a $19.3B valuation out of the gate

Figma will start trading on the IPO of 2025 on the New York Stock Exchange on Thursday The IPO 40x Overseascribed, VCS TechCrunch and confirmed Blomberg Previously reported.

This means that the demand for shares is 40x, the company and its existing investors are selling the number of shares. So it will not surprise anyone that Figma, which provides design software, has priced $ 33 per share, above the previously announced range.

On Monday, the company says its expected price limit was $ 30 to $ 32, which is more than $ 25 to $ 28 in the previously announced range. At the final $ 33 price, the offer has increased $ 1.2 billion. Most parts of that money are going to the existing shareholders who are selling almost twice the shares (Including founders and CEO Dylan Field) As the company has offered itself.

IPO prices gives Figure worth 19.3 billion dollars, CNBC ReportAdobe could have paid at around $ 20 billion prices in 2023 before the figma purchase agreement in 2023.