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Design software firm Figma will begin trading later on Thursday after raising $1.22 billion in a blowout US float, setting the stage for a flurry of high-growth tech listings and strengthening a rebound in the IPO market.
The company, which priced the deal at $33, above an already raised range, secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped buyout deal with industry giant Adobe in December 2023.
The US initial public offerings market has bounced back after tariff-driven volatility briefly paused…
