Summary:
Figma sets IPO price at $25–28, targeting a $16.4B valuation as it debuts on NYSE. Strong growth, solid profit and tech demand drive robust investor interest.
It's not every day a tech darling goes public, but Figma is doing just that—bringing fresh excitement to Wall Street this summer. The design platform has officially set out its price range for the much-awaited IPO, aiming between $25 and $28 per share.
If all goes as planned, Figma could hit a fully diluted valuation of $16.4 billion—no small feat for a company shaping how the world designs and collaborates online.
Here's the key: Figma's debut isn't just about company growth, but also about market timing and investor confidence. The Figma IPO will see roughly 37.1 million shares up for grabs. Of these, 12.5 million are new shares Figma is offering, while the remaining 24.6 million are being sold by folks who've been backing Figma from the early days. If the upper end is achieved, the IPO stands to pull in about $1.03 billion, with a decent chunk heading back into Figma's coffers for new ventures and greater scale.
Where to find it: New York Stock Exchange (NYSE), ticker: FIG
Behind the scenes: Morgan Stanley, Goldman Sachs, Allen & Co., and J.P. Morgan are running the show as bookrunners
This new price tag outpaces Figma's last private mark—the company was valued at $12.5 billion in a 2024 secondary sale. Yet, it's still a fair bit south of the nearly $20 billion Adobe offered in 2022, before that deal fizzled due to regulatory pushback. Even so, the current number is nothing to sneeze at: Figma's IPO will be among 2025's tech heavyweights, lining up with buzzworthy listings like Circle and CoreWeave.
What sets Figma's launch apart? A noteworthy portion of shares comes from existing investors and early staff, not just the company itself. It’s a move that suggests those closest to the action are confident in where things are headed.
Let's look under the hood. Figma hasn't just grown; it's grown with real momentum:
In Q1 2025, it posted $228.2 million in revenue, a robust 46% leap from last year.
Net income soared too, with Figma's profits ringing in at $44.9 million—more than triple what it logged in 2024’s first quarter.
User numbers are equally impressive: more than 13 million people use Figma, and the platform claims to be working with 95% of Fortune 500 firms.
This offering is split between two camps: about one-third of shares are brand new; the rest are coming from insiders or seasoned investors looking to lock in gains after years of growth. CEO Dylan Field is among those selling—he's offloading roughly 2.35 million shares, which, at the mid-range price, puts about $60 million in his pocket. Crucially, Field will keep a tight grip on the company's direction: his Class B shares will see him retain about 74% of voting power.
The money raised is set aside for operational needs, future product work, and a war chest for potential acquisitions. Figma has also dipped a toe into digital assets, revealing a $70 million stake in a bitcoin ETF with plans to expand this to $100 million, signalling a forward-thinking approach to managing its capital.
Figma's decision to go public comes as tech IPOs are making a welcome return. After markets cooled in 2023, the climate in 2025 is markedly warmer, albeit with some turbulence from new US tariffs and shifting global growth forecasts. Despite these bumps, companies like Figma—especially those with a compelling blend of growth, profit, and innovation—are finding plenty of fans among investors.
Its competitive edge? Continuous product development, including AI features, and a focus on collaborative design that resonates across professions and industries.
Betting on Innovation
Figma isn't standing still—it's hinting at beefing up its design tools with more AI and is eyeing strategic acquisitions after the IPO. The SaaS world is moving fast, and the company seems intent on staying ahead of the curve.
What Could Hold Figma Back?
The IPO is priced below that abandoned Adobe deal, which might cause some to wonder if the market's high point has already passed.
The design software battleground is intense, and Figma's future will depend on its ability to keep evolving quickly.
With over half its revenue coming from abroad, Figma is susceptible to global economic twists, currency swings, and shifting regulatory sands.
The volume of insider selling may spark debate on how insiders view the company's next chapter.
Figma's IPO is more than just numbers—it's a sign of where design tech is heading and how SaaS firms are maturing on the public stage. Whether you're a designer, a tech sector watcher, or an investor, this listing could give a vital clue as to what's next for digital collaboration and the appetite for innovation on Wall Street.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
USD/INR rises as foreign investors pull out and trade talks stall. Rupee under pressure with resistance near ₹87 amid Fed and tariff uncertainties.
2025-07-22
The South African rand edged lower on Tuesday as investors awaited progress in trade talks for countries to reach trade deals.
2025-07-22
Newmont's Q2 2025 earnings preview: gold strength, copper growth, and production risks shape a critical moment for traders and analysts.
2025-07-21
