Figma prices IPO above expectations

Key Concepts:

• Figma IPO
• Pricing of shares at $33
• Valuation of Figma at $19.3 billion
• Cancelled Adobe acquisition
• Regulatory objections
• Stock ticker symbol: FG
• Interview with Figma co-founder and CEO Dylan Field

Figma IPO Details

Figma, the design software developer, is going public with its Initial Public Offering (IPO). The company priced its shares at $33 each, exceeding the initially expected range. This offering is set to raise $1.2 billion. A significant portion of the proceeds will be directed towards existing stockholders.

Valuation and Previous Acquisition Attempt

The IPO values Figma at $19.3 billion. It's important to note that Figma had previously agreed to be acquired by Adobe for $20 billion. However, this deal fell through in 2023 due to objections from regulators. The failed acquisition is a key part of Figma's recent history and context for its IPO.

Stock Market Debut and CEO Interview

Figma's stock is expected to begin trading today on the New York Stock Exchange under the ticker symbol "FG." An interview with Figma's co-founder and CEO, Dylan Field, is scheduled for 8:40 AM Eastern Time.

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