Figma (FIG.US) has raised its IPO price range to $30-32 per share, with a valuation targeting $18.8 billion.

Software company Figma announced on Monday an increase in the price range of its initial public offering (IPO) in the United States, aiming to raise the company's valuation to around $18.8 billion. This adjustment reflects the strong interest of current investors in high-growth tech stocks and also indicates a strong resurgence in the U.S. IPO market. According to the latest disclosures, Figma and some of its existing investors plan to sell shares at a price of $30 to $32 per share, raising $1.18 billion. Previously, the company had set an issuance price range of $25 to $28 per share. If this issuance is successful, Figma's valuation will be closer to the $20 billion level it reached in 2022 when it reached an acquisition agreement with Adobe. At that time, Adobe planned to acquire Figma for $20 billion, but the deal was eventually abandoned in December 2023 due to pressure from EU and UK regulatory authorities. Since 2025, the U.S. IPO market has gradually regained momentum after a brief disruption in April due to uncertainty related to tariffs. Investment bankers expect that IPO activity will pick up significantly as the summer market slowdown ends and the fall window opens, especially with strong demand driven by high-growth tech companies. Figma plans to list on the New York Stock Exchange under the ticker symbol "FIG". Morgan Stanley, Goldman Sachs Group, Inc., Allen & Company, and JPMorgan will serve as the main underwriters for this issuance. Figma is a cloud-based collaborative design platform founded in 2012, favored by many designers and developers for its real-time collaborative design capabilities on the web. This listing not only validates its business model but also marks another milestone in the return of tech unicorns to the capital markets.