Figma may lead the way for other software companies including Genesys, Canva and Databricks to conduct multibillion-dollar deals, one analyst said.

Figma raised the expected range for selling shares in its initial public offering this week. The company now expects shares to go for $30 to 32 each, up from the range of $25 to $

At the top end of that range, Figma would raise $399.1 million, while selling shareholders would net some $782.9 million. Its previous range of $25 to $28 per sh