INSUBCONTINENT EXCLUSIVE:
Enterprise style startup Figma has actually entered the next step of its IPO journey.Figma revealed Monday it is kicking off its IPO
The business plans to offer more than 36 million shares of class A stock that are expected to be priced in between $25 and $28 a share
This offering includes a mix of primary and secondary shares and would permit the company to raise around $1 billion.The company is expected
to price its IPO the week of July 28
If the business rates its shares in the middle of its variety, it will garner a market value of $15.9 billion, according to Renaissance
Capital.That evaluation is less than the $20 billion that Adobe provided to get Figma for in September 2022, however more than the business
last private valuation of $12.5 billion, according to PitchBook data.Figma initially filed its intent to go public back in April.The
business was established in 2012 by Dylan Field and Evan Wallace
To date, its raised more than $740 million in venture capital from companies, consisting of Andreessen Horowitz, General Catalyst, and
Sequoia, and others.Techcrunch eventSan Francisco|October 27-29, 2025
