Project software supplier shares Pink On Thursday by 250% on Thursday, the latest indication that the IPO technology market is alive and very enthusiastic.
Figma based in San Francisco valued shares for the first public offer of USD 33 in late Wednesday, above the expected range from 30 to 32 USD.
IPO has established an initial quote for a company in the amount of just over $ 19 billion. But during the first day, Figma went next to this level with a long shot-leaning at USD 115.50 and ending the day with market capitalization of around 68 billion dollars. This is greater than a triple price of $ 20 billion in the proposed takeover Adobe In 2022, an agreement, which eventually fell by regulation in Europe.
The debut on the star market appears among the stubborn IPO technological series. After a few slow quarters, activity has increased barely in recent months, with large, well -received debuts with CoreweaveIN Circle web groupIN Chime and others.
IPO Figma collected about $ 1.2 billion, and about a third of income goes to the company, and the remainder of the existing stakeholders sell shares in the offer.
It seems that Figma has ambitious plans for its participation in income. In the letter contained in the IPO application of the company, co -founder and general director Dylan Field They told potential shareholders: “expect that we will take large swings when we see the chance to invest in our platform or continue fuses on a large scale.”
A really expected public entry into the company market also occurs after a period of strong revenue increase. Figma reported revenues in the amount of USD 749 million in 2024 – up close 50% 12 months on 12 months. Earnings for the first quarter of this 12 months showed a similar growth rate.
The company was also a favorite of many years of Venture capital. Founded in 2012, Figma has collected about $ 700 million in financing the undertaking from investors over the years. Last 12 months, he also closed $ 700 million of secondary financing, a few months after the planned connection to Adobe.
Looking at the prospectus of IPO Figma, its foremost shareholders appear like someone from the Silicon Valley. His biggest stakeholder is Index projects (16.8% of sophistication A shares, and then Graylock (15.7%), Small everlasting (14%) i Capital sequoia (8.7%).