Design-software company Figma Inc. priced its initial public offering at $33 a share late Wednesday, raising more than $1.2 billion.
Figma will begin trading on the New York Stock Exchange on Thursday in one of the most anticipated IPOs of 2025. The IPO is 40-times oversubscribed, VCs confirmed to TechCrunch and Bloomberg previously reported.
Although CNBC's Jim Cramer said he likes Figma's underlying business, he's hesitant to recommend the stock right away because it might quickly become too expensive. The design software company is among the most valuable privately-held technology companies.
Collaborative design software company Figma has increased the price target for its highly anticipated initial public offering (IPO). Shares are now expected to be priced between $30 and $32 each, up from the previously disclosed price target range of $25 and $28 each.
Figma Inc.'s hot initial public offering this week could set the stage for other multibillion-dollar IPOs in coming months, one Wall Street analyst said Monday.
Figma is targeting a valuation of $16.4 billion in its upcoming initial public offering, according to a new filing with the Securities and Exchange Commission (SEC).
When Figma announced its initial hoped-for price range on Monday ($25-$28), it also revealed an unusual decision for its highly anticipated IPO.
Figma sets terms in its upcoming initial public offering, and co-founder Dylan Field could net more than $60 million from selling his personal shares.
Design software company Figma is aiming for a valuation of up to $13.65 billion in its upcoming US initial public offering, planning to list on the New York Stock Exchange under the ticker “FIG.” The company and its investors hope to raise as much as $1.03 billion by selling about 37 million shares, priced between $25 and $28 each.
Figma is targeting a valuation of up to $13.65 billion in its U.S. initial public offering, as the cloud-based design software prepares for a debut that could inject fresh momentum into a tech listings market already roaring back to life.
Figma is experiencing rapid revenue growth, strong operating profit, and impressive Rule of 40 metrics, positioning it as a standout in SaaS IPOs. The company platform's international reach, Fortune 500 penetration, and high net revenue retention highlight robust demand and customer loyalty. FIG plans to use IPO proceeds to pay down debt and fuel growth, especially in AI integration, product expansion, and global markets.
Figma filed its S-1 to go public, potentially commanding a high valuation ($20B+), but valuation concerns remain as recent IPOs typically underperform initially. Figma, founded by Dylan Field and Evan Wallace, evolved from UX/UI design into an end-to-end product design and prototyping platform used widely, with rapid revenue growth (~46% YoY). AI integration is central to Figma's growth strategy, allowing rapid prototyping without coding. However, Adobe, OpenAI, and Anthropic pose significant competitive threats.