Figma Aims At $16.4 Billion Valuation As Tech IPOs Bounce Back

An anonymous reader quotes a report from Reuters: Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings. The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each, it said on Monday. The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe failed due to regulatory hurdles in Europe and the UK. Figma's IPO is expected to occur the week of July 28th, offering shares priced between $25 and $28. It'll trade under the symbol "FIG".

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