Figma IPO could value design software maker at $16 billion
Figma Inc.’s founding partner and CEO Dylan Field, Idaho on July 11, 2024, Allen & Co. in Sun Valley. After the morning sessions at the Media and Technology Conference.
David Paul Morris | Bloomberg | Getty Images
Design Software Company Figma One on Monday Updated prospectus For the first public offering.
The company said he expects to sell about 37 million shares between $ 25 to 28. This will generate $ 1 billion in revenue between company and sales shareholders.
The public offering can value Figma, led by the founding Dylan Field, a completely diluted valuation between $ 14.6 billion. Field plans to sell 2.35 million shares, which can be about $ 65.8 million.
In the 2024 tender proposal, investors worth $ 12.5 billion to the company. In 2022, Adobe He agreed to buy Figma for $ 20 billion, but the agreement was scrapped after the regulators appealed.
The flow of technology companies participating in US stock markets has slowed down since the end of 2021. Concerns about inflation and stagnation were less interested in supporting companies that have grown rapidly but lost money.
However, in recent months, several technology stocks have become available. Sunflower seed Opened to the public in March and Apartment And Bell Stocks began to be traded in June.
The Figma applied to the public on July 1 and “Fig.”
On Monday, it gave preliminary results for the second quarter and showed $ 250 million revenue from $ 247 million from $ 9.0 million from $ 9.0 million. This will mean an increase of income of 39% at the low end and 41% at the top level. In the first quarter, growth exceeded 46%.
In the second quarter, the Figma added customers and expanded with existing jobs. Based on the preliminary results, the company’s business margin would increase from 3% to 4% to 5% in the previous quarter.
Figma, “Blockchain -based coins” in the form of “blockchain named stock” export, he said. However, the Figma said that he has not planned to give such a stock. In July, the Figma announced the investments in the designed Fund designed by Stablecoin and Bitcoin.
Mike Krieger, the founding partner of Instagram, who is currently the main product manager of Anthropic, currently joined the board of directors. Luis von Ahn, founding partner and CEO DuolingoHe also joins the board according to the file.
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