Design software firm Figma raised $1.22 billion in its U.S. IPO, selling 36.9 million shares at $33 each, above the targeted range. Investor appetite for tech firms is returning, with Figma going public after a failed acquisition by Adobe. The IPO values Figma at nearly $19.34 billion, signaling a strong tech market.

Figma’s IPO success could pave the way for other tech startups to go public, with CoreWeave and Circle also performing well. Figma, valued at $19.34 billion, offers real-time collaborative design tools for digital products and is investing in AI integration. The company’s stock will trade on the NYSE under the symbol “FIG,” with lead underwriters including Morgan Stanley and Goldman Sachs.

Read more at Yahoo Finance: Figma raises $1.2 billion in US IPO, signaling thaw in tech listings