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 might be anticipated to be priced between $25 and $28 a share. This providing contains a mixture of major and secondary shares and would enable the corporate to boost round $1 billion.
The corporate is predicted to cost its IPO the week of July 28.
If the corporate costs its shares in the course of its vary, it is going to garner a market worth of $15.9 billion, according to Renaissance Capital.
That valuation is lower than the $20 billion that Adobe supplied to amass 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 Subject and Evan Wallace. Up to now, it’s raised greater than $740 million in enterprise capital from corporations together with Andreessen Horowitz, Common Catalyst and Sequoia, and others.
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