Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range.
The company’s stock will debut on the New York Stock Exchange under the ticker symbol “FIG” on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders.
Figma is aiming to take advantage of a public market that has slowly reopened for tech IPOs. Stablecoin issuer Circle
and artificial intelligence infrastructure provider CoreWeave
have soared since their debuts earlier this year, while other companies including online banking firm Chime
