Caroline Mitterdorfer began her fertility journey after a cancer diagnosis at age 27. She co-founded Levy Health to help speed Read more
Large corporations typically play it safe when it comes to consumer hardware, sticking to incremental updates year after year. Lenovo, Read more
Welcome to the Edtech World Big news in the education tech world! PowerSchool, the edtech giant, recently experienced a data Read more
Telegram Expanding Access to Crypto Wallet Telegram is now offering its crypto wallet to its 87 million users in the Read more
Enterprise design startup Figma has embarked on the next phase of its IPO journey. The company announced on Monday that it is launching its IPO roadshow, with plans to offer over 36 million shares of class A stock priced between $25 and $28 each. This offering, which includes a combination of primary and secondary shares, is expected to raise approximately $1 billion. Figma is targeting the week of July 28 for pricing its IPO, aiming for a market value of $15.9 billion if shares are priced in the middle of the range.
Figma’s IPO Journey
Figma’s valuation falls between the $20 billion acquisition offer from Adobe in September 2022 and the company’s last private valuation of $12.5 billion. The startup, founded in 2012 by Dylan Field and Evan Wallace, has secured over $740 million in venture capital funding from prominent firms such as Andreessen Horowitz, General Catalyst, and Sequoia. Despite requests for comments, Figma has chosen not to disclose additional information at this time.
