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]
Figma's IPO price hit a $19.3B valuation out of the gate