Figma Aims for $1B in IPO Roadshow Kickoff
▼ Summary
– Figma has started its IPO roadshow, planning to offer over 36 million shares priced between $25 and $28 each.
– The IPO could raise around $1 billion, with shares expected to be priced the week of July 28.
– At the midpoint of its price range, Figma’s market value would be $15.9 billion, per Renaissance Capital.
– This valuation is below Adobe’s $20 billion acquisition offer in 2022 but above Figma’s last private valuation of $12.5 billion.
– Figma, founded in 2012, has raised over $740 million in venture capital and filed for its IPO in April.
Figma has officially launched its IPO roadshow, targeting a staggering $1 billion in funding as it prepares to go public. The design software giant plans to offer over 36 million Class A shares, priced between $25 and $28 each. This mix of primary and secondary shares could position the company with a market valuation nearing $15.9 billion if shares land in the middle of the projected range.
While this figure falls short of Adobe’s $20 billion acquisition offer from 2022, it still represents a significant jump from Figma’s last private valuation of $12.5 billion. The IPO pricing is expected to finalize by late July, marking a major milestone for the 12-year-old company.
Founded in 2012 by Dylan Field and Evan Wallace, Figma has grown into a powerhouse in collaborative design tools, attracting over $740 million in venture capital from top-tier investors like Andreessen Horowitz, General Catalyst, and Sequoia. The upcoming public offering underscores its rapid expansion and strong foothold in the enterprise software market.
The roadshow announcement follows Figma’s initial IPO filing in April, signaling confidence in its growth trajectory despite broader market uncertainties. Industry analysts will be watching closely as the company navigates this critical phase, balancing investor expectations with its long-term vision for innovation in design technology.
(Source: TechCrunch)
