Figma will begin trading on the New York Stock Exchange on Thursday at one of 2025's most anticipated IPOs. The IPO is 40x oversubscribe and VCS has been previously reported to TechCrunch and Bloomberg.
In other words, the demand for stocks is 40 times the number of shares sold by the company and its existing investors. Therefore, we cannot be surprised that Figma, which offers design software, priced the first stock at $33 per share, beyond the previously announced range.
The company said Monday that the expected price range is between $30 and $32, with a previously announced range of $25 to $28. At the final price of $33, the offer raised $1.2 billion. Most of that money goes to existing shareholders who sell stocks offered by the company itself (including founder and CEO Dylan Field).
IPO prices are valuing Figma at $19.3 billion, CNBC reports that Adobe is close to the $20 billion price that the Figma would have paid in 2023 before it collapsed under pressure from regulators.