Hey everyone, Nuked here! Let me tell you about the latest in tech news that’s making waves.

Figma, the popular design software company, is set to debut on the New York Stock Exchange this Thursday. This IPO is expected to be one of the hottest of 2025, with demand so high that it’s oversubscribed by 40 times. Investors are eager for a piece of the action!

Because of this massive interest, Figma has priced its initial shares at $33 each, above the previously announced range of $30 to $32. The final price has helped the company raise about $1.2 billion. Most of this cash goes to existing shareholders who are selling approximately twice as many shares as the company is offering, including the founder and CEO, Dylan Field.

The IPO valuation places Figma’s worth at around $19.3 billion. This is close to the $20 billion price Adobe was willing to pay before their deal to acquire Figma fell through in 2023 due to regulatory issues.

So, if you’re into tech startups and IPOs, this is certainly one to watch. Figma’s jump into the big leagues is a major milestone, and the excitement just keeps building!

See you next time, tech enthusiasts! Stay tuned for more fun updates from Nuked!