Collaborative design startup Figma has raised the expected price range for shares in its planned initial public offering on July 31, according to a regulatory filing.

On July 21, the San Francisco-based company had set a range of $25 to $28. On Monday, Figma disclosed that it expects shares to trade for $30 to $32 each. That means it now expects to raise about $1.2 billion in the offering, instead of $1 billion.

This would value the company at between $17.6 billion and $18.8 billion on a fully diluted basis. Figma plans to trade on the New York Stock Exchange under the ticker symbol FIG.

Founded in 2012, Figma has raised about $1.4 billion from investors including a who’s who of Silicon Valley: Sequoia Capital, Andreessen Horowitz, Greylock and Kleiner Perkins, per Crunchbase data.

In September 2022, Adobe announced it had agreed to buy Figma for $20 billion in cash and stock in a proposed blockbuster deal. But by December 2023, Adobe had called off the transaction following pushback from antitrust regulators in the U.K. and European Union. The purchase would have ranked among the largest acquisitions of a venture-backed startup in recent years.

After that deal fell through, Figma went on to raise more capital from investors.

In July 2024, Figma raised $700 million in a secondary market transaction that valued the company at $18.8 billion. General Catalyst, Coatue and Alkeon Capital co-led that financing.

When filing its S-1, Figma revealed its financials for the first time. The company reported revenue of $228 million for the first quarter of 2025, up 46% year over year. It returned to profitability in late 2024 after a one-time employee stock compensation expense led to an operating loss of $894 million.

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Illustration: Dom Guzman

Member of the Nigerian House of Representatives, Amobi Ogah, has noted that it was embarrassing that Nigerian leaders have to die abroad and be shipped back to the country.

He stated this in defence of a bill seeking to prohibit public and civil servants from patronising private schools and healthcare.

Just as the lawmaker rightly pointed out, a few weeks ago, Nigeria’s former president, Muhammadu Buhari’s body was flown into the country after he died in London’s most expensive clinic.

Amobi said that such a scenario was a shame, wondering what is stopping the political elite from fixing the country’s public institutions.

“You are aware that a few weeks ago or days ago, our former president was flown as cargo,” he said on Channels Television’s Sunday Politics.

“Is it not a shame that at each point in time our big men travel outside for medical services? Is it not a shame?

“Are we not ashamed of it? It is high time we need to fix the system, and if you get education right, get health right, that means there is a future for all of us.

“If we don’t find a way to make sure that we return that public trust and make sure that we return that loss of focus on these institutions, if we don’t bring it back, we are not going anywhere.”

The European country is among the most popular in the world

Spain is one of the most visited countries in the world. From bustling city life in Madrid and Barcelona to stunning beaches along the Mediterranean coast, Spain offers something for every type of traveller.

The country is easily accessible from many parts of the world, and its tourism sector offers a range of options to suit different budgets. In 2024, Spain was the second most visited country in the world, recording around 94 million international tourists from around the globe.

In Spain, tourists and residents must be aware of and adhere to various laws and regulations, including those related to traffic, noise, public spaces, and more. Failure to comply can result in fines, legal trouble, or other penalties.

While English is spoken in tourist areas, learning some basic Spanish phrases can be helpful for your trip. The Foreign Office has shared information for British people heading to the popular European holiday destination.

The rules surrounding personal ID are important in Spain. The Foreign Office says: “You must provide photo ID if asked by a police officer.

“This includes the Guardia Civil and national, regional and local police forces. The police have the right to hold you at a police station until they have confirmed your identity.

“Ignoring direct requests of a police officer can be considered as ‘disobedience’, which is a criminal offence.”

You may also need to show ID when when buying goods with credit or debit cards. Some shops will accept your driving licence or a copy of your passport, but some may ask for your passport.

Hotels, tourist accommodation and car rental companies have a legal duty to register passports and other details of tourists who check in or collect a vehicle.

Under Article 4 of Organic Law 4/2000, everyone in Spain, including citizens, EU nationals, and foreign visitors must carry valid ID at all times. If you’re stopped by police and can’t produce ID immediately, you risk detention and fines.

If you choose to travel, research your destinations and get appropriate travel insurance. Insurance should cover your itinerary, planned activities and expenses in an emergency.

Spain follows Schengen area rules. This means your passport must have a ‘date of issue’ less than 10 years before the date you arrive – if you renewed your passport before October 2018, it may have a date of issue that is more than 10 years ago.

It must also have an ‘expiry date’ at least three months after the day you plan to leave the Schengen area (the expiry date does not need to be within 10 years of the date of issue).

You will be denied entry if you do not have a valid travel document or try to use a passport that has been reported lost or stolen.