Figma’s IPO price came out of the gate at a value of $19.3 billion

Figma will begin trading on the New York Stock Exchange on Thursday at one of 2025’s most anticipated IPOs. The IPO is oversubscribed by 40x, and the VC is confirmed by TechCrunch, Bloomberg It was reported previously.

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 selling about twice as many shares (Includes founder and CEO Dylan Field) As the company itself offers.

The IPO price is valued at $19.3 billion Figma. CNBC reportsAdobe, which is close to $2 billion, would have collapsed under regulatory pressure before buying Figma in 2023.