Figma makes Wall Street debut with $19.3 billion valuation
TOI World Desk | TIMESOFINDIA.COM | Jul 31, 2025, 22:48 IST
( Image credit : TIL Creatives )
Highlight of the story: Figma, the collaborative design software firm, commenced trading on the NYSE under the ticker "FIG" on July 31, 2025, priced at $33 per share, valuing the company at $19.3 billion. This IPO follows the failed Adobe acquisition and highlights Figma's strong financial growth, with revenue up 40 percent year-over-year. The successful debut signals renewed investor confidence in high-growth technology stocks.
Figma, the collaborative design software firm once on the brink of a blockbuster acquisition by Adobe, has officially entered the public market. On July 31, 2025, Figma shares began trading on the New York Stock Exchange under the ticker symbol "FIG" at an initial public offering (IPO) price of $33 per share—surpassing earlier expectations of $30 to $32.
This pricing pushed the company’s valuation to a remarkable $19.3 billion, raising approximately $1.2 billion through the offering. Notably, much of this capital went to existing shareholders, underscoring the appetite among investors for established tech firms with solid fundamentals.
Figma’s IPO is a landmark moment following its aborted $20 billion acquisition by Adobe in 2023. That deal was ultimately blocked by regulatory authorities, leading Adobe to pay a $1 billion termination fee to Figma. The failed merger inadvertently fueled Figma’s independence and allowed it to continue building on its core strengths without assimilation.
Ahead of its public debut, Figma reported strong financial growth. The company posted revenue of between $247 million and $250 million for the quarter ending in June—representing a 40 percent increase from $177.2 million during the same period last year. The firm’s prospectus also highlighted that it may have broken even this quarter, with potential operating income ranging from a slight $500,000 loss to a $2.5 million profit. This performance is a sharp turnaround from the $894.3 million loss recorded the previous year, which was largely attributed to stock-based compensation expenses.
Figma's March quarter was also promising, with revenue rising 46 percent to $228.2 million and net income tripling to $44.9 million. These figures underline the company’s ability to grow while progressing toward profitability—an increasingly critical factor in today’s capital markets.
The company’s founder and CEO, Dylan Field, remains its largest individual stakeholder, holding 56.6 million shares and exercising voting rights over an additional 26.7 million. Major institutional investors also include Index Ventures with 17 percent, Greylock at 16 percent, Kleiner Perkins with 14 percent, and Sequoia Capital holding 8.7 percent of the company’s pre-IPO shares. Each of these investors is divesting a portion of their holdings as part of the IPO.
Founded in 2012 by Dylan Field and Evan Wallace, Figma has grown into a cornerstone of modern design collaboration. It is now used by teams around the world and maintains a strong international presence with offices in countries including France, Germany, Japan, Singapore, and the United Kingdom.
Figma’s IPO adds to the growing momentum for tech listings in 2025. Earlier this year, firms such as Circle and CoreWeave also saw successful debuts, signaling a rebound in investor appetite for high-growth technology stocks. Other private tech companies, including Chime, Hinge Health, and Omada Health, are rumored to be exploring IPOs of their own.
With a solid business model, strong leadership, and global reach, Figma’s entry into the public market sets the stage for a new chapter in its growth story. As it scales further, the company's ability to remain agile, innovative, and profitable will determine how far it can go in reshaping the digital design landscape.
This pricing pushed the company’s valuation to a remarkable $19.3 billion, raising approximately $1.2 billion through the offering. Notably, much of this capital went to existing shareholders, underscoring the appetite among investors for established tech firms with solid fundamentals.
Figma’s IPO is a landmark moment following its aborted $20 billion acquisition by Adobe in 2023. That deal was ultimately blocked by regulatory authorities, leading Adobe to pay a $1 billion termination fee to Figma. The failed merger inadvertently fueled Figma’s independence and allowed it to continue building on its core strengths without assimilation.
Ahead of its public debut, Figma reported strong financial growth. The company posted revenue of between $247 million and $250 million for the quarter ending in June—representing a 40 percent increase from $177.2 million during the same period last year. The firm’s prospectus also highlighted that it may have broken even this quarter, with potential operating income ranging from a slight $500,000 loss to a $2.5 million profit. This performance is a sharp turnaround from the $894.3 million loss recorded the previous year, which was largely attributed to stock-based compensation expenses.
Figma's March quarter was also promising, with revenue rising 46 percent to $228.2 million and net income tripling to $44.9 million. These figures underline the company’s ability to grow while progressing toward profitability—an increasingly critical factor in today’s capital markets.
The company’s founder and CEO, Dylan Field, remains its largest individual stakeholder, holding 56.6 million shares and exercising voting rights over an additional 26.7 million. Major institutional investors also include Index Ventures with 17 percent, Greylock at 16 percent, Kleiner Perkins with 14 percent, and Sequoia Capital holding 8.7 percent of the company’s pre-IPO shares. Each of these investors is divesting a portion of their holdings as part of the IPO.
Founded in 2012 by Dylan Field and Evan Wallace, Figma has grown into a cornerstone of modern design collaboration. It is now used by teams around the world and maintains a strong international presence with offices in countries including France, Germany, Japan, Singapore, and the United Kingdom.
Figma’s IPO adds to the growing momentum for tech listings in 2025. Earlier this year, firms such as Circle and CoreWeave also saw successful debuts, signaling a rebound in investor appetite for high-growth technology stocks. Other private tech companies, including Chime, Hinge Health, and Omada Health, are rumored to be exploring IPOs of their own.
With a solid business model, strong leadership, and global reach, Figma’s entry into the public market sets the stage for a new chapter in its growth story. As it scales further, the company's ability to remain agile, innovative, and profitable will determine how far it can go in reshaping the digital design landscape.