Figma set to debut as blockbuster US IPO lifts revival hopes

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Design software firm Figma will begin trading later on Thursday after raising $1.22 billion in a blowout US float, setting the stage for a flurry of high-growth tech listings and strengthening a rebound in the IPO market.

The company, which priced the deal at $33, above an already raised range, secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped buyout deal with industry giant Adobe in December 2023.

The US initial public offerings market has bounced back after tariff-driven volatility briefly paused…



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Figma set to debut as blockbuster US IPO lifts revival hopes



Design software firm Figma will begin trading later on Thursday after raising $1.22 billion in a blowout US float, setting the stage for a flurry of high-growth tech listings and strengthening a rebound in the IPO market.

The company, which priced the deal at $33, above an already raised range, secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped buyout deal with industry giant Adobe in December 2023.

The US initial public offerings market has bounced back after tariff-driven volatility briefly paused…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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