Figma seems to lift almost $1 billion because it kicks off its IPO roadshow

Enterprise design startup Figma has entered the subsequent step of its IPO journey.

Figma introduced Monday it’s kicking off its IPO roadshow. The corporate plans to supply greater than 36 million shares of sophistication A inventory which are anticipated to be priced between $25 and $28 a share. This providing contains a mixture of major and secondary shares and would enable the corporate to lift round $1 billion.

The corporate is predicted to cost its IPO the week of July 28.

If the corporate costs its shares in the course of its vary, it’s going to garner a market worth of $15.9 billion, in keeping with Renaissance Capital.

That valuation is lower than the $20 billion that Adobe supplied to amass Figma for in September 2022, however greater than the corporate’s final personal valuation of $12.5 billion, in keeping with PitchBook information.

Figma initially filed its intent to go public again in April.

The corporate was based in 2012 by Dylan Area and Evan Wallace. So far, it’s raised greater than $740 million in enterprise capital from corporations together with Andreessen Horowitz, Normal Catalyst and Sequoia, and others.