Figma sets sights on $16.4 billion valuation ahead of IPO.

Figma is targeting a $16.4 billion valuation in its upcoming IPO, with plans to sell 37 million shares priced between $25 and $28 each. The collaborative design software maker had previously entered an agreement with Adobe to be acquired in 2022, but regulators nixed the deal. Figma has 13 million active users and drove $749 million in revenue in 2024, up 48% year-over-year.

Design software start-up Figma is set to make its debut in the public market with an initial public offering (IPO) that could value the company at over $16 billion. The company has priced its IPO between $25 and $28 per share, with plans to sell 37 million shares [1][2][3][4].

The IPO, expected to be priced by the end of this month, comes after Figma's failed acquisition attempt by Adobe in 2022. The company had entered an agreement to be acquired for $20 billion, but regulatory objections led to the deal's termination [1][4]. Despite this setback, Figma has continued to grow, with 13 million active users and $749 million in revenue in 2024, marking a 48% year-over-year increase [1][3].

Figma's IPO is managed by Morgan Stanley, Goldman Sachs, Allen & Company, and JPMorgan, and the company expects to list its common stock on the New York Stock Exchange under the ticker symbol "FIG" [3]. The net proceeds from the sale of shares are expected to be used to repay $330.5 million of outstanding indebtedness and for working capital and other general corporate purposes [3].

The company's board has authorized the issuance of blockchain common stock in the form of tokens, although there are currently no specific plans to issue these tokens [3][4]. Additionally, Figma has disclosed investments in a stablecoin and a Bitcoin exchange-traded fund [4].

Figma's IPO is a significant event for the tech market, as it comes on the heels of CoreWeave's successful public debut and the slowing flow of technology companies joining U.S. exchanges since late 2021 [4]. The company's strong revenue growth and active user base position it as a promising investment opportunity.

References:

[1] https://www.barrons.com/articles/figma-ipo-valuation-stock-price-ticker-9cbfd53c
[2] https://www.ainvest.com/news/figma-targets-16-5b-valuation-high-stakes-ipo-test-tech-market-2507/
[3] https://stocktwits.com/news-articles/markets/equity/figma-sets-ipo-pice-range-at-25-28-retail-eyes-multi-bagger-potential/ch8M7K4R5s7
[4] https://www.cnbc.com/2025/07/21/figma-ipo-software-value.html