Core Insights - Figma is set to begin trading on the New York Stock Exchange, marking one of the most anticipated IPOs of 2025 with shares priced at $33 each, above the previously announced range [1][2] - The IPO is significantly oversubscribed, with demand for shares being 40 times the number of shares available for sale, indicating strong investor interest [1] - The final offering raised $1.2 billion, primarily benefiting existing shareholders who are selling approximately twice as many shares as the company itself [2] - The IPO values Figma at $19.3 billion, close to the $20 billion valuation that Adobe would have paid before its acquisition attempt fell through in 2023 due to regulatory pressures [3] Summary by Sections IPO Details - Figma's shares are priced at $33, which is higher than the initial expected range of $30 to $32, and up from a previous range of $25 to $28 [2] - The offering raised a total of $1.2 billion, with a significant portion going to existing shareholders [2] Market Valuation - The IPO price establishes Figma's market valuation at $19.3 billion, which is near the valuation Adobe aimed for in its failed acquisition attempt [3] Demand and Oversubscription - The IPO is reported to be 40 times oversubscribed, reflecting a high level of demand for Figma's shares [1]

Company Overview - Figma priced its IPO at $33 per share, above the expected range, raising $1.2 billion, primarily benefiting existing stockholders [1][3] - The IPO values Figma at $19.3 billion, following a failed acquisition by Adobe for $20 billion in 2023 [3] Financial Performance - For the quarter ended June, Figma's revenue increased to between $247 million and $250 million, a 40% growth compared to $177.2 million a year earlier [4] - The expected operating profit for the quarter ranges from a loss of up to $500,000 to a profit of $2.5 million, contrasting with a loss of $894.3 million the previous year [4] - In the March quarter, revenue rose 46% to $228.2 million, and net income tripled to $44.9 million [5] Market Context - Figma is entering a public market that has seen a gradual reopening for tech IPOs, with other companies like Circle and CoreWeave performing well since their debuts [2] - Major investors, including Index Ventures and Greylock, are selling portions of their stakes in the IPO [5][6]

智通财经7月31日电，软件开发公司Figma的美国IPO定价在每股33美元，筹集12亿美元，高于此前所给 发行价指导区间。 ...

Core Viewpoint - Figma, a software development company, has priced its U.S. IPO at $33 per share, exceeding the previously indicated price range [1] Company Summary - The company has raised $1.2 billion in funding from its investors [1]

Group 1: IPO Performance Overview - Seven companies went public last week, including one small IPO and five SPACs submitting initial applications [1][7] - NIQ Global Intelligence priced its IPO below the midpoint, raising $1.1 billion at a market cap of $6.2 billion, but saw a 6% decline in stock price [1][5] - Accelerant's IPO was priced above the range, raising $724 million at a market cap of $4.7 billion, with a stock price increase of 42% [1][5] Group 2: Company Highlights - McGraw Hill's IPO was priced below the range, raising $415 million with a market cap of $3.3 billion, and experienced a 1% drop in stock price [2][5] - Carlsmed raised $101 million at a market cap of $430 million, with a 3% decline in stock price [2][5] - Dreamland's IPO was priced at the lower end, raising $8 million with a market cap of $124 million, and saw a 6% drop in stock price [3][5] Group 3: Emerging Companies - Cre8 Enterprise raised $96 million at a market cap of $6 million, with a 9% increase in stock price [3][5] - Linkhome Holdings raised $6 million at a market cap of $64 million, experiencing a significant stock price increase of 158% [4][5] - Hillhouse Frontier Holdings submitted an initial application for a small IPO, targeting $6 million with a market cap of $106 million [7] Group 4: Upcoming IPOs - Figma plans to raise $979 million with a projected market cap of $15.9 billion, focusing on browser-based design software [9][11] - Shoulder Innovations aims to raise $100 million with a market cap of $432 million, providing advanced implant systems for shoulder surgeries [10][11] - Ambiq Micro plans to raise $80 million with a market cap of $435 million, specializing in ultra-low power semiconductor solutions [10][11]

Summary of Key Points Group 1: Recent IPOs - Last week, 7 new stocks were listed, with 4 raising over $100 million [1] - NIQ Global Intelligence (NIQ) raised $1.05 billion by issuing 50 million shares at $21 each [1] - Accelerant (ARX) raised $724 million by issuing 34.46 million shares at $21 each [1] - McGraw Hill (MH) raised $415 million by issuing 24.39 million shares at $17 each [1] - Carlsmed (CARL) raised $101 million by issuing 6.7 million shares at $15 each [1] Group 2: Upcoming IPOs - Ambiq Micro, a semiconductor company, plans to go public on July 30, 2025, on NYSE under the ticker AMBQ, aiming to raise up to $85 million by issuing 3.4 million shares at $22 to $25 each [5][6] - Figma, a design tool company, plans to go public on July 31, 2025, on NYSE under the ticker FIG, aiming to raise up to $1.034 billion by issuing 36.94 million shares at $25 to $28 each [7][8] - Shoulder Innovations, a medical technology company, plans to go public on July 31, 2025, on NYSE under the ticker SI, aiming to raise up to $105 million by issuing 5 million shares at $19 to $21 each [10]