Figma Launches IPO at $33 Per Share, Surpassing Expectations

 

Figma Launches IPO at $33 Per Share, Surpassing Expectations

Published: July 30, 2025 | Updated: An Hour Ago

Design software company Figma has officially priced its initial public offering (IPO) at $33 per share, slightly above the projected range of $30–$32. The pricing brings in $1.2 billion, primarily benefiting existing shareholders, as the company gets ready to begin trading on the New York Stock Exchange under the ticker symbol "FIG".

This IPO values Figma at approximately $19.3 billion, not far from the $20 billion valuation it had when Adobe attempted to acquire it in 2022. That deal, however, was scrapped in 2023 due to antitrust concerns, leading Adobe to pay Figma a $1 billion breakup fee.

The public listing comes at a time when tech IPOs are gradually making a comeback. Other companies such as Circle (a stablecoin provider) and CoreWeave (an AI infrastructure firm) have seen successful debuts earlier this year. Additionally, fintech startup Chime and digital health platforms like Hinge Health and Omada Health have also recently gone public.

Founded in 2012 by Dylan Field and Evan Wallace, Figma is headquartered in San Francisco and operates globally with offices in France, Germany, Japan, Singapore, and the UK.

Financially, Figma reported second-quarter revenue between $247 million and $250 million, reflecting about 40% growth from $177.2 million in the same period last year. Operating results for the quarter range from a $500,000 loss to a $2.5 million profit, a significant turnaround from a $894.3 million loss a year ago—mostly tied to stock-based compensation.

In the first quarter of 2025, Figma generated $228.2 million in revenue, marking a 46% year-over-year increase, with net income tripling to $44.9 million.

CEO Dylan Field remains Figma’s largest individual stakeholder, holding 56.6 million shares, in addition to voting control over another 26.7 million. Leading institutional investors include Index Ventures (17%), Greylock (16%), Kleiner Perkins (14%), and Sequoia Capital (8.7%)—all of whom are selling part of their holdings in the IPO.

Figma’s market debut highlights growing investor confidence in innovative tech firms, especially those with strong financial growth and global user bases.