- Figma raised the expected range for selling shares in its initial public offering this week.
- The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 per share.
- It’s one of the most highly valued private technology companies, but the new valuation is still below what Adobe offered to acquire it in 2022.
The anticipated price range for shares in Figma’s initial public offering this week was raised on Monday. Figma is a design software company.
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From the range of $25 to $28 that it revealed on July 21, the business now anticipates that shares will sell for $30 to $32 each.
According to a revised range revealed in a regulatory filing, Figma’s fully diluted value would be between $17.6 billion and $18.8 billion.
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Even still, it would fall short of the $20 billion Adobehad promised when it declared its intention to buy Figma in 2022. After regulators pushed back on competitive grounds, the deal fell through.
One of the most valued privately held IT firms is Figma.
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