Figma raises $1.2 billion in its IPO, with shares set to open at $105-$110

Figma Inc. shares are expected to debut in the $105–$110 range, following the company’s successful $1.2 billion fundraising effort in one of the most closely watched US IPOs this year. That indication represents a possible uptick of as much as 233% above the $33-per-share offering price. A few days earlier, Figma raised its price range to $30–32 per share, selling 12.47 million shares itself while investors like Index Ventures, Greylock Partners, and Kleiner Perkins sold 24.46 million more. On Tuesday, the IPO gave Figma a market value of about $16.1 billion, according to an earlier report by Cryptopolitan . Adding...