Design and product development platform Figma (FIG) priced its IPO at $33 on Wednesday, which is $1 above the top end of its expected range.

Design-software company Figma Inc. priced its initial public offering at $33 a share late Wednesday, raising more than $1.2 billion.

In what should be a surprise to no one, Figma priced its IPO shares above its already increased previously announced range.

The Figma IPO has plenty of buzz building around it, with the design software company expected to start trading this week.

Figma Inc.’s Dylan Field has already cemented a billion-dollar fortune with this week’s planned initial public offering. But ...