Figma's IPO Valuation Climbs to $1.2 Billion

In a remarkable turn of events, Figma Inc., the renowned design app, has adjusted its initial public offering (IPO) valuation to an impressive $1.2 billion. This marks a significant leap from the earlier forecast of $1.03 billion, as revealed in a recent filing with the US Securities and Exchange Commission.

Revised Share Price Range Signals Strong Investor Confidence

The San Francisco-based company, alongside select investors, has revised the share price range to $30 to $32, up from the initial $25 to $28. Despite this adjustment, the total number of shares offered remains unchanged at 36.9 million, underscoring the robust demand and confidence in Figma's market potential.