Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow

Enterprise Design Startup Fig Enters the next stage of its IPO journey.

Fig announced that it is Killing your IPO Roadshow On Monday. The company plans to offer more than 36 million shares of Class A Stock, which is expected to be priced between $ 25 to $ 28 per share. The offer includes a mixture of primary and secondary shares and will allow the company to raise about 1 billion dollars.

The company expects the price of its IPO of the week of July 28.

If the company pays the price of its shares in the middle of its border, it will get a market price of $ 15.9 billion, Rebellious,

This is less than evaluation $ 20 billion who offered Adobe To acquire Figma in September 2022, but according to pitchbook data, more than $ 12.5 billion than the company’s final private valuation.

Fig Initially filed your intention To return in April.

The company was founded in 2012 by the Dylan Field and Ivan Wallace. To date, it has been raised more than $ 740 million in venture capital from firms including Andresen Horovitz, General Catalist and Sea, and others.