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Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow
Figma has begun its IPO roadshow, planning to raise nearly $1 billion by offering over 36 million shares priced between $25 and $28. This valuation could reach approximately $15.9 billion, below Adobe's previous $20 billion acquisition offer but above its last private valuation of $12.5 billion. Founded in 2012, Figma has raised over $740 million in venture capital.
Key points
- Figma is starting its IPO roadshow aiming to raise about $1 billion.
- The company will offer over 36 million shares priced between $25 and $28.
- If priced mid-range, Figma's valuation will be approximately $15.9 billion.
- This valuation is lower than Adobe's $20 billion acquisition offer from September 2022.
- Figma's last private valuation was $12.5 billion.
- Founded in 2012, Figma has raised over $740 million in venture capital.
Why it matters
- The IPO trend among tech startups is rising as financial landscapes evolve.
- Figma's move reflects current tech market dynamics, especially following the decline in tech valuations.
- Rising interest rates may affect IPO performance in 2025, where investor sentiment will be crucial.
Figma's IPO plans signal a significant move in the tech startup landscape, showing resilience in a challenging market and reflecting the broader trends of venture capital and public offerings in the tech industry.