Design Software Maker Figma, Backers Raise $1.2 Billion in IPO

Figma Inc., a leading design software company, has raised $1.2 billion in an initial public offering (IPO). The company, along with some of its backers, priced its shares above the marketed range, indicating strong investor demand. Figma's IPO is considered one of the most highly anticipated listings of the year, reflecting the growing importance of design software in the tech industry. The company's design tools are widely used by professionals and teams to collaborate on digital projects, from websites to mobile applications. The successful IPO is a testament to Figma's growth and the increasing adoption of its software in the market. The raised funds will likely be used to further expand the company's product offerings, enhance its technology, and drive continued innovation in the design software space. The IPO's success also highlights the continued investor interest in the tech sector, despite recent market volatility and economic uncertainties.