Figma’s Ipo Price Hit A $19.3b Valuation Out Of The Gate

Figma will statesman trading connected nan New York Stock Exchange connected Thursday successful 1 of nan astir anticipated IPOs of 2025. The IPO is 40-times oversubscribed, VCs confirmed to TechCrunch and Bloomberg antecedently reported.

That intends request for shares is 40 times nan number of shares nan institution and its existing investors are selling. So it should astonishment nary 1 that Figma, which offers creation software, has priced its first shares astatine $33 per share, supra its antecedently announced range.

On Monday, nan institution said its expected value scope was $30 to $32, up from a antecedently announced scope of $25 to $28. At nan last $33 price, nan offering raised $1.2 billion. Most of that money is going to existing shareholders who are trading astir doubly arsenic galore shares (including laminitis and CEO Dylan Field), arsenic nan institution itself has offered.

The IPO value values Figma astatine $19.3 billion, CNBC reports, adjacent nan $20 cardinal value Adobe would person paid earlier its woody to bargain Figma fell isolated successful 2023 nether unit from regulators.