The long-awaited IPO of Figma, the cloud-based design platform, is finally here — and the numbers are turning heads on Wall Street. The company is set to raise about $1 billion, aiming for a valuation of up to $13.6 billion, trading under the ticker “FIG” on the New York Stock Exchange.
But this isn’t just another IPO — it’s a bold tech debut that mixes design, crypto, and Big Tech power moves.
📊 The Numbers Behind Figma’s IPO
According to its SEC filing, Figma plans to offer 37 million shares priced between $25 and $28 each. If it hits the high end, this would put the company at:
- $13.6 billion market cap (basic)
- $14.5 to $16.5 billion fully diluted
That’s slightly below Adobe’s $20 billion takeover offer in 2022, which was scrapped due to regulatory scrutiny. But even so, it places Figma ahead of other major 2025 IPOs like Circle Internet and Chime Financial.
🧠 Why Figma Has Everyone Talking
- Over 13 million monthly active users
- Cloud-native design tools built for real-time collaboration
- Widely adopted by startups, agencies, and enterprise product teams
- A sticky product model that spreads organically inside companies
Figma’s viral growth and strong product culture have drawn comparisons to platforms like Notion, Slack, and Miro.
🪙 Figma Is Quietly Getting Into Crypto
What most people don’t know? Figma is also dabbling in crypto — and that makes the IPO even more intriguing:
- Holds $69.5M in a Bitcoin ETF
- In May, approved a $30M investment in USDC stablecoin
- Plans to convert USDC into Bitcoin over time
Figma joins tech giants like Tesla and MicroStrategy by betting on Bitcoin as a long-term asset.
🧑💼 Who’s Cashing Out?
The IPO isn’t just about new shares — many insiders and early investors are selling, including:
- Dylan Field, co-founder & CEO, offering 2.35M shares
- Mamoon Hamid, board member & Kleiner Perkins partner, offering 2.76M shares
- VC firms like Sequoia Capital, Greylock, and Index Ventures
👉 The big names backing this IPO give it major credibility.
🏦 The Banks Backing the Deal
The underwriting is being led by:
- Morgan Stanley
- Goldman Sachs
- Allen & Co.
- JPMorgan
With heavy hitters like these, it’s clear the market sees Figma as a serious player.
🆚 Adobe vs. Figma: A New Era?
Remember, Adobe tried to buy Figma for $20 billion in 2022. That deal failed — but it cemented Figma as a real threat to Adobe’s dominance in creative software.
Now, Figma gets a second chance to shine — and on its own terms.
💥 Why This IPO Actually Matters
Figma isn’t just another SaaS company going public. It’s:
- A tool at the heart of modern design and product teams
- A company with crypto holdings and Web3 potential
- A brand with a cult-like following among designers and developers
- Positioned to ride the wave of AI + design integration
This IPO could signal a revival of the tech IPO market — and might inspire similar debuts from other high-growth startups.
⚡ TL;DR – What You Need to Know
- 📈 Target valuation: $13.6B to $16.5B
- 👥 13M+ active users
- 🪙 Holding Bitcoin + USDC
- 🤝 Adobe failed to acquire it for $20B
- 💻 Cloud-native product + viral growth model
- 📊 Big-name VCs and banks backing the IPO
