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Figma IPO Price Target Bumped up to $18.8 Billion: Reports
- Figma, a design software company, is scheduled to price its initial public offering on Wednesday and will trade under the symbol 'FIG' on the New York Stock Exchange.
- Adobe called off its $20 billion bid to acquire Figma in December 2023 after antitrust authorities in the UK and European countries raised objections that blocked the transaction.
- Figma raised its IPO price range this week from $25-$28 to $30-$32 per share, aiming for a valuation between $17.6 billion and $18.8 billion while planning to sell nearly 37 million shares.
- For Q1 2025, revenue reached $228.2 million, marking a 46% increase compared to the previous year, while net income amounted to $44.9 million and the gross margin remained strong at 91%, indicating robust financial results.
- Figma's public debut is seen as a key test of investor appetite for high-growth tech stocks in 2025 and highlights its broadening product scope and strong market positioning against incumbents like Adobe.
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12 Articles
Figma IPO price target bumped up to $18.8 billion: reports
SAN FRANCISCO (KRON) -- Figma has raised the price target of its upcoming initial public offering, according to a report in Reuters. On Monday, the San Francisco-based design software firm upped the proposed price range for the hotly anticipated IPO and is now aiming for an $18.8 billion valuation. Company involved in Coldplay KissCam drama hires Gwyneth Paltrow as spokesperson Figma, which was nearly purchased by Adobe last year, was initially …
Design Software Startup Figma Boosts IPO Range, Targets Valuation of $18.8B
Figma — the San Francisco-based collaborative design startup that has raised millions from a who’s who of Silicon Valley — increased the expected price range for its shares and now expects to net about $1.2 billion in its planned IPO this week.
Figma targets $18.8 billion valuation in US IPO after bumping up price range
(Reuters) -Figma raised the proposed price range for its U.S. initial public offering on Monday and is now aiming for a valuation of $18.8 billion, in the latest sign of strong investor appetite for high-growth technology stocks.
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