Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range.

New York

Figma, a design software developer, has priced its shares at $33 each in its initial public offering, exceeding the anticipated range. The IPO has raised $1.2 billion, with most of the funds going to existing stockholders, and values the company at $19.3 billion.

The company had previously agreed to be acquired by Adobe for $20 billion, but that deal was abandoned in 2023 due to regulatory objections. Figma's shares are set to debut on the New York Stock Exchange under the ticker symbol FIG.

Figma prices IPO above expectations

Welcome back to Squawk. Design software developer Figma pricing shares of its IPO at thirty three dollars each. That is above the expected range. The offering raising one point two billion dollars with most of the proceeds going to existing stockholders. It values Figma at nineteen point three billion dollars. Now the company if you remember had been agree had agreed to be acquired by Adobe for 20 billion dollars. This was many years ago now two or three years ago. But that deal fell apart in 2023 following objections from regulators. The stock expected to debut today on the New York Stock Exchange under the ticker symbol FIG. And you do not want to miss a special interview that we're going to have a little bit later in the broadcast with Figma's co-founder and CEO Dylan Field at 840 Eastern Time this morning. And coming up more of today's top corporate stories also results just out from CBS Health. We'll bring those to you next as we head to break. Here's a look at yesterday's S&P 500 winners and losers.

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Ljubljana

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Kyiv

Ukraine Invasion

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Ottawa

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Jerusalem

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Washington

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Rio de Janeiro

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Okinawa

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Canberra

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Birmingham

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U.S. President Donald Trump told reporters before departing from Scotland that Jeffrey Epstein poached workers from his Mar-a-Lago spa. Trump mentioned Virginia Giuffre, one of Epstein's most vocal accusers, in his latest remarks.

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Hawaii

Tsunami reaches Hawaii after huge quake shakes Russia's Far East

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London

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Bogotá

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Moscow

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Zaporizhzhia

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A gunman killed at least one police officer and shot a handful of other people Monday in the heart of New York City. CBS News New York has the latest details.

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