Figma Debuts at $33 Per Share with 30x Oversubscribed IPO, Raises $1.2 Billion

Figma (FIG) debuted at $33 per share on the NYSE, above its initial price range, after a 30x oversubscribed IPO. The design software company raised $1.2 billion and has a fully diluted market capitalization of $19.5 billion. Figma's browser-based design platform has 13 million monthly active users and generates $749 million in revenue, with a 48% YoY increase. Analysts see Figma as a high-growth SaaS firm with strong retention rates and expect the stock to benefit from long-term demand for cloud-based creative tools.

Figma (FIG) made waves in the tech sector with its highly anticipated initial public offering (IPO) on July 1, 2025. The design software company priced its shares at $33 each, but the stock quickly surged, closing at $115.50, a 250% gain from the IPO price. This impressive performance was driven by a 30x oversubscribed IPO, raising $1.2 billion and giving the company a fully diluted market capitalization of $19.5 billion [1].

Figma's browser-based design platform has garnered significant attention, with 13 million monthly active users and generating $749 million in revenue, marking a 48% year-over-year increase. The company's strong financials, including a 46% revenue growth over four quarters, a 17% operating margin, and a 91% gross margin, have drawn investor interest [2].

The IPO comes after a multiyear lull in the tech IPO market, which began in early 2022 when inflation and rising interest rates made it challenging for companies to secure funding. However, Figma's strong financial performance and the growing demand for its product have reignited investor interest in tech IPOs [1].

Figma's success is also a testament to its growing user base, which includes non-designers, and its scalability due to its web-based software, allowing for real-time collaboration on designs for apps and websites. The company's client list includes major players like Google, Microsoft, Netflix, and Uber [2].

The IPO raised $1.2 billion, with most of the proceeds going to existing shareholders, including venture capital firms Greylock Partners, Index Ventures, Kleiner Perkins, and Sequoia Capital. The strong demand for Figma's IPO indicates a high level of investor confidence in the company's future prospects [3].

Figma's stock performance and strong financials have the potential to re-energize the tech IPO market and encourage other private software companies to go public. The company's IPO stands out as a "bellwether event for the tech sector" and could set a new standard for tech IPOs in the coming years [2].

References:
[1] https://finance.yahoo.com/news/figma-indicated-112-above-ipo-152947660.html
[2] https://www.ainvest.com/news/figma-stock-soars-ipo-debut-strong-revenue-growth-profitability-2508/
[3] https://vestedfinance.com/blog/us-stocks/why-figma-might-be-the-biggest-ipo-of-2025/