Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.

Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech company to go public.

In what should be a surprise to no one, Figma priced its IPO shares above its already-increased previously announced range.