Figma Inc. shares are expected to debut in the $105–$110 range, following the company’s successful $1.2 billion fundraising effort in one of the most closely watched US IPOs this year. That indication represents a possible uptick of as much as 233% above the $33-per-share offering price.

Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.

Figma Inc. shares are indicated to begin trading at $105 to $110 each, after the design and collaboration software company and some of its backers raised $1.2 billion in one of the year’s most-anticipated US initial public offerings.