Figma set to soar after above-target IPO

** Design software firm Figma (FIG.N) set to soar in NYSE debut on Thurs after blockbuster IPO surpasses expectations

** FIG shares recently indicated to open between $65-$70 vs $33 IPO price

** San Francisco, California-based startup and existing investors sold 36.9 mln shares above an already upwardly revised range of $30-$32 for $1.2 bln raise

** Co had originally targeted $25-$28 price range

** The U.S. IPO market has rebounded this year after tariff-driven volatility briefly froze new listings in Apr, and as major indexes climb to record highs

** At the $33 figure, Figma secured a valuation of about $19.3 bln, just shy of the $20 bln it was set to fetch in a scrapped buyout deal with industry giant Adobe ADBE in 2023

** Post IPO, CEO and co-founder Dylan Field will continue to control Figma with 74.1% of the voting power through his holdings of Class B shares that have 15 votes each, the filings show

** Venture capital firms Index, Greylock, Kleiner Perkins and Sequoia are among Figma's largest shareholders

** Morgan Stanley, Goldman Sachs, Allen & Co and J.P. Morgan leading 9-firm underwriting group for the IPO