The expected offering price in the Figma IPO will be between 30 and 32, the company said in a regulatory filing.The software maker will trade under the ticker FIG. The Figma IPO has been widely anticipated on Wall Street.

Figma Inc.’s US initial public offering is approaching 40 times oversubscribed, according to people familiar with the matter, as the design and collaboration software company heads for what could be the year’s most in-demand listing.

Figma (NASDAQ: FIG) is set to go public on July 30. For the design software star, the public offering represents a long and winding path since Adobe 's ( ADBE -0.39%) $20 billion acquisition of the company was blocked in 2023 over regulatory pushback that the deal would suppress competition in the design software industry.