Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

Figma raises IPO range to - per share, in deal that could value company at nearly billion


Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022.

Brendan Mcdermid | Reuters

Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week.

The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21.

The new range, announced in a regulatory filing, suggests Figma would be worth $17.6 billion to $18.8 billion on a fully diluted basis.

That would still be below the $20 billion total that Adobe had offered when it announced plans to acquire Figma in 2022. The deal fell apart after regulators pushed back on competitive grounds.

Figma is among the most valuable privately held technology companies.

Financial technology companies Chime and Circle went public in June, and CoreWeave shares debuted in March. Circle and CoreWeave shares have since more than doubled in price.

Don’t miss these insights from CNBC PRO

Figma files to go public under ticker 'FIG'



Source

India overtakes China in smartphone exports to the U.S. as manufacturing jumps 240%, report shows
Technology

India overtakes China in smartphone exports to the U.S. as manufacturing jumps 240%, report shows

Workers assemble smartphones at Dixon Technologies’ Padget Electronics Pvt factory in Uttar Pradesh, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has overtaken China to become the top exporter of smartphones to the U.S., according to research firm Canalys, reflecting the shift in manufacturing supply chain away from Beijing amid tariff-fueled […]

Read More
Waymo plans to bring its robotaxi service to Dallas in 2026
Technology

Waymo plans to bring its robotaxi service to Dallas in 2026

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022.  Paresh Dave | Reuters Alphabet’s Waymo unit plans on bringing its robotaxi service to Dallas next year, adding to a growing list of prospective U.S. markets for 2026, including Miami and Washington, D.C. Rental car company Avis […]

Read More
Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says
Technology

Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024.  Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus