July 30 (Reuters) - Design software firm Figma and some

of its shareholders raised $1.22 billion in the design software

firm's U.S. initial public offering after its shares were priced

above the expected range.

The San Francisco, California-based firm priced its shares

at $33 each, above its targeted range of $30 to $32 apiece.

Investor appetite for high-growth technology firms is

returning after a prolonged freeze in U.S. capital markets,

encouraging more companies to pursue listing.

Figma is going public after its $20 billion acquisition by

Adobe was called off in December 2023 due to antitrust

concerns.

Several venture-backed startups, particularly in software

and artificial intelligence, are now testing public market

demand, betting that improved valuations and easing interest

rate pressures will support a stronger second half for IPOs.

Figma's stock will begin trading on the New York Stock

Exchange on Thursday during market hours under the ticker symbol

'FIG'.

Morgan Stanley, Goldman Sachs, Allen & Company and J.P.

Morgan are the lead underwriters of the IPO.