Figma IPO Targets $979 Million Amidst Strong Global Demand and Tech Industry Interest

Figma, a provider of in-browser web design tools, has announced terms for its anticipated initial public offering. The San Francisco-based firm is planning to raise approximately $979 million through the offering of 36.9 million shares, with 66% being secondary. The suggested price range is between $25 and $28 per share, and pricing at the midpoint would assign Figma a fully diluted market value of $15.9 billion.

Since its inception in 2012, Figma has evolved from a browser-based tool for designing user interfaces to a comprehensive platform supporting product development from concept to launch. This transformation has included the introduction of seven distinct products, four of which were released in 2025 alone. The company's products are widely integrated across its platform, with 76% of users engaging with two or more services as of the three months ending March 31, 2025.

Figma's user base extends across more than 150 countries, with 85% of its monthly active users located outside the United States during the same three-month period. For the twelve months ending March 31, 2025, Figma reported revenue of $821 million.

The company is preparing to list on the New York Stock Exchange under the ticker symbol FIG. An array of leading financial institutions are managing the offering, including Morgan Stanley, Goldman Sachs, Allen & Company, J.P. Morgan, BofA Securities, Wells Fargo Securities, and RBC Capital Markets. The pricing of Figma's IPO is projected to occur during the week of July 28, 2025.

As Figma seeks approximately $1 billion in this public debut, the attempt marks a significant step for the company following the nullification of its anticipated acquisition by a major software player. Analysts predict that the demand for Figma's shares may reflect broader interest in the tech IPO landscape, although uncertainty persists about long-term growth prospects amidst evolving industry dynamics.