Tech
Figma aims at $13.7 billion valuation as tech IPOs bounce back
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Figma is targeting a valuation of $13.65 billion in its U.S. initial public offering, as the cloud-based design software firm prepares for a debut that could inject fresh momentum into a tech listings market already roaring back to life.
The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion through a sale of nearly 37 million shares priced between $25 and $28 each, it said on Monday.
The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe was…
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