Figma’s IPO was priced at $33 per share, raising approximately $1.2 billion and giving the company a valuation of $19.3 billion. This brings it nearly in line with the $20 billion valuation from Adobe’s failed acquisition attempt. There was a near 40:1 oversubscribed offering. The run rate for revenues this year is $1B with thoughts of $1.5B next year.
At $85-$90, that puts the market capitalization at around $50-55 billion.That is about 30X next years projected sales.
Public Companies (~$55B–$65B Market Cap)
TE Connectivity (TEL): Specializes in electronic components and connectivity solutions with industrial and tech applications.
Private Companies (~$60B–$62B Valuation)
Anthropic: A major player in generative AI, developing large language models and competing directly with firms like OpenAI.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about figma ipo opens around 90 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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