Figma aims to raise up to $1.03 billion in NYSE IPO

Investing.com -- Cloud-based designer platform Figma announced Monday it is targeting to raise up to $1.03 billion in its initial public offering (IPO) in the United States.

The company plans to list on the New York Stock Exchange under the ticker symbol FIG. Figma has filed for an IPO of approximately 37 million shares, with a price range of $25 to $28 per share.

Figma itself will offer 12,472,657 shares, while selling stockholders will offer an additional 24,464,423 shares.

Morgan Stanley, Goldman Sachs&Co (NYSE: GS). LLC, Allen&Company LLC, and J.P. Morgan will serve as the lead underwriters for the offering.

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