Figma, the collaborative design platform, has successfully launched its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol "FIG." The company priced its shares at $33 each, surpassing the anticipated range of $30 to $32, and raised over $1.2 billion through the sale of approximately 36.9 million shares. This valuation places Figma at approximately $19.3 billion, reflecting strong investor confidence in the company's growth prospects.
Founded in 2012, Figma has become a leading tool for interface design, emphasizing real-time collaboration and user-friendly features. The platform boasts a diverse user base, with a significant portion being non-designers, and serves a wide range of clients, including major technology companies.
In its first quarter of 2025, Figma reported a 46% year-over-year increase in revenue, reaching $228.2 million, and a substantial rise in net income. The company's focus on integrating artificial intelligence into its platform is expected to drive future growth and innovation in the design software market.
The IPO's success is seen as a positive indicator for the technology sector, signaling renewed investor interest in high-growth software companies. Figma's market debut underscores the evolving landscape of design tools and the increasing importance of collaborative, AI-powered solutions in the digital era.