Enterprise design startup Figma enters the subsequent step of its IPO journey.
Figma introduced that it’s kicking off its IPO roadshow on Monday. The corporate plans to supply greater than 36 million shares of sophistication A inventory which can be anticipated to be priced between $25 and $28 a share. This providing consists of a mixture of major and secondary shares and would permit the corporate to boost round $1 billion.
The corporate is anticipated to cost its IPO the week of July 28.
If the corporate costs its shares in the midst of its vary, it would garner a market worth of $15.9 billion, in keeping with Renaissance Capital.
That valuation is lower than the $20 billion that Adobe supplied to accumulate Figma for in September 2022, however greater than the corporate’s final personal valuation of $12.5 billion, in keeping with PitchBook knowledge.
Figma initially filed its intent to go public again in April.
The corporate was based in 2012 by Dylan Discipline and Evan Wallace. So far, it’s raised greater than $740 million in enterprise capital from companies together with Andreessen Horowitz, Normal Catalyst and Sequoia, and others.
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