Figma's IPO Surges 250%, Valuation Reaches $56.3 Billion

Figma, a design software developer, raised $1.2 billion through its IPO and saw its stock surge 250% on its first trading day, closing at $115.50. The company's valuation reached $56.3 billion, exceeding a potential merger with Adobe Inc.'s $20 billion valuation. The IPO was led by Morgan Stanley, Goldman Sachs, and JPMorgan. Figma's software is used for designing web and mobile app interfaces and has expanded its product suite with AI technologies.

Figma, a design and product development platform, raised $1.2 billion through its initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol "FIG." The company's stock surged 250% on its first trading day, closing at $115.50 per share. This unprecedented performance pushed Figma's market valuation to $56.3 billion, easily surpassing the $20 billion figure it would have fetched in a now-scrapped merger with Adobe Inc. [1].

The IPO, which priced at $33.00 per share, saw a total of 36,937,080 shares offered, with 12,472,657 shares from Figma and 24,464,423 shares from existing stockholders. The offering was led by Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan, with BofA Securities, Wells Fargo Securities, and RBC Capital Markets also acting as book-running managers. The registration statement for the offering was declared effective by the Securities and Exchange Commission on July 30, 2025 [2].

Figma's stock performance highlights the company's strong market reception and growth potential. The company's software, designed for web and mobile app interfaces, has expanded its product suite to include AI technologies. Figma's revenue grew by 46% year-over-year in the first quarter of 2025, and it reported 13 million monthly active users, with 95% of Fortune 500 companies using its platform [3]. The company's profitability, with an adjusted gross margin around 92%, provides ample flexibility for future investments and product development.

The IPO marks a significant milestone for Figma, which was founded in 2012 and has since grown from a design tool to a connected, AI-powered platform. The company's co-founder, Dylan Field, led Figma to a $68 billion valuation following its IPO, signaling a potential revival in the tech IPO market [1]. Field's background in technology and entrepreneurship, along with early recognition of opportunity, has been instrumental in Figma's success.

References:
[1] https://www.ainvest.com/news/figma-hits-68-billion-valuation-250-ipo-debut-surge-2508/
[2] https://www.figma.com/blog/ipo-pricing/
[3] https://finance.yahoo.com/news/figma-indicated-112-above-ipo-152947660.html