All articles tagged with #tech ipo
Figma's stock price soared over 250% after its IPO, closing at over $117 per share and valuing the company at around $50 billion, making CEO Dylan Field a billionaire and marking one of the year's biggest tech IPOs amid a warming market for public offerings.
Figma Inc. and its backers raised $1.2 billion through an IPO, pricing shares at $33 each, which values the company at $16.1 billion. The listing was highly oversubscribed, with demand driven by an auction-like process. Figma, known for its design and collaboration software, continues to expand its product offerings and has a significant ownership stake held by CEO Dylan Field. The IPO marks a major milestone for the company, which had considered a sale to Adobe that was ultimately canceled.