Figma wants to collect almost USD 1 billion when it starts its IPO Roadshow

Startup Design Enterprise Figma entered the next stage of IPO travel.

Figma announced on Monday Starting its IPO Roadshow. The company plans to offer over 36 million class A shares, which are to cost from USD 25 to 28 per share. This offer includes a mixture of basic and secondary actions and would allow the company to collect about $ 1 billion.

The company is expected that the company will value its public offer in July 28.

If the company will price its shares during its range, it will bring a market value of USD 15.9 billion, (*1*)According to Renaissance Capital.

This valuation is lower than $ 20 billion, which Adobe offered a figure in September 2022, but greater than the last private valuation of $ 12.5 billion, according to the PitchBook data.

Figma initially submitted his intention to make public in April.

The company was founded in 2012 by Dylan Field and Evan Wallace. Until now, he has collected over 740 million dollars in the Venture capital from firms, including Andreessen Horowitz, General Catalyst and Sequoia and others.