Reported about 21 hours ago
Figma, a design software company, successfully raised $1.22 billion in its U.S. initial public offering, signaling a renewed interest in tech listings after a long drought in the market. The company sold 36.9 million shares at $33 each, exceeding expectations, and is valued at nearly $19.34 billion post-IPO. This move comes after a halted $20 billion acquisition by Adobe due to antitrust issues, and it is seen as a positive indicator for other tech firms planning to go public.
Source: YAHOO