Figma will IPO in U.S.

Yes, Figma has announced its intention to go public with an initial public offering (IPO) in the United States. Here are the key details about the IPO: 1. **IPO Details**: Figma is offering 12,472,657 shares of Class A common stock, and certain existing stockholders are offering an additional 24,646,423 shares. The initial public offering price is expected to be between $25 and $28 per share. 2. **Valuation**: The proposed IPO could value Figma at over $16 billion at the high end of the expected range of $25 to $28 per share. Figma is targeting a valuation range of $13.6 billion to $16.5 billion fully diluted. 3. **Listing**: Figma has applied to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “FIG”. 4. **Underwriters**: The IPO is being led by Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan, acting as joint lead book-running managers for the proposed offering. 5. **Investor Participation**: Figma's IPO is an auction-style IPO, which requires potential investors to submit limit orders specifying the number of shares they want and the price they are willing to pay. This approach aims to gauge precise investor insights and capture more hidden investor enthusiasm. These details indicate that Figma is moving forward with its IPO plans, and potential investors should consider the valuation, listing, underwriters, and investor participation details when deciding whether to participate in the IPO.