Figma's Ambitious IPO Plans

In a significant development, Figma has announced its intention to raise up to $1.03 billion through its initial public offering (IPO) on the New York Stock Exchange, trading under the ticker symbol "FIG."

Details of the Offering

The company revealed in an updated draft registration statement filed with the US Securities and Exchange Commission (SEC) that it plans to sell 36,937,080 shares of its Class A common stock, priced between $25 and $28 per share. Of these, 12,472,657 shares will be offered by Figma itself, with the remaining 24,464,423 shares coming from selling stockholders.

Underwriters and Filing Background

Leading the charge as primary underwriters are financial giants Morgan Stanley, Goldman Sachs, Allen & Company, and JPMorgan. Figma's journey to the IPO began with a confidential filing in April, culminating in an official submission in early July.