(Reuters) -Figma raised the proposed value vary for its U.S. preliminary public providing on Monday and is now aiming for a valuation of $18.8 billion, within the newest signal of robust investor urge for food for high-growth expertise shares.
The design software program agency and a few of its traders at the moment are seeking to promote shares priced between $30 and $32 every to lift $1.18 billion within the providing. That compares with its prior proposed value goal of between $25 and $28 every.
The brand new valuation places Figma nearer to the $20 billion it had reached when Adobe agreed to purchase it. The Photoshop maker later deserted the deal in December 2023 after going through antitrust roadblocks in Europe and the UK.
The U.S. IPO market is recovering in 2025 after a quick pace bump in April because of tariff-related volatility. Bankers anticipate exercise to speed up as soon as the summer time lull ends and the autumn window opens, pushed by robust demand for high-growth listings.
Figma is anticipated to commerce on the New York Inventory Change beneath the image “FIG.”
Morgan Stanley, Goldman Sachs, Allen & Firm and J.P. Morgan are the lead underwriters of the IPO.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Enhancing by Sriraj Kalluvila)
