Figma seems to be raising almost $ 1 billion when it starts the IPO -road show

Enterprise Design Startup Figma has written its IPO trip to the next step.

Figma announced on Monday that he was Starting the IPO screen. The company intends to offer more than 36 million A shares in a class, which is expected to be priced at $ 25-28 for a share. This offer includes a blend of primary and secondary shares and allows the company to raise about a billion dollars.

The company is expected to be priced at its IPO week 28 July.

If a company prices shares in the middle of its area, it will collect market value of $ 15.9 billion, According to Renaissance Capital.

This valuation is less than $ 20 billion, which Adobe offered to acquire Figma in September 2022, but above the company’s last private assessment of $ 12.5 billion, according to Pitchbook data.

Figma originally left her intention to announce in April.

The company was founded in 2012 by Dylan Field and Evan Wallace. To this day, it has raised more than $ 740 million from companies, including Andreessen Horowitz, General Catalyst and Sequoia and others.