Figma, which plans to sell nearly 12.5 million shares in the IPO, said it now expects a pricing of $30 to $32 a share, up from a previous estimate of $25 to $28 apiece. A pricing at the high end of the new range would give the San Francisco company a market capitalization of nearly $15.6 billion, up from $13.7 billion at the top of the old range.

The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21. The new range, announced in a regulatory filing, suggests Figma would be worth $17.6 billion to $18.8 billion on a fully diluted basis.