In a highly anticipated move, Figma, the cloud-based design software company, is set to go public with its initial public offering (IPO) on the NYSE, marking a significant milestone for the tech industry. The IPO comes as tech listings regain momentum, with Figma allowing existing shareholders to sell more stock than the company itself will offer during the debut.
Figma's co-founder and CEO, Dylan Field, is expected to cash out approximately $60 million from his shares in this IPO. This payout reflects the substantial growth and success of Figma since its inception, positioning Field as a key beneficiary of the company’s public market entry.
Major venture capital firms that backed Figma in its early stages are also selling portions of their stakes. Prominent investors such as Index Ventures, Kleiner Perkins, Greylock Partners, and Sequoia Capital are among those offloading shares, capitalizing on the opportunity to realize returns on their long-term investments in the design platform.
Figma is targeting a valuation of up to $16.4 billion, with plans to offer over 36 million shares at a price range of $25 to $28 per share, potentially raising nearly $1 billion. This valuation, while below the $20 billion Adobe had proposed in a failed acquisition deal, still highlights Figma’s strong market position and investor confidence.
The company has shown impressive financial performance, with preliminary results for Q2 2025 indicating revenue growth of 39% to 41% year-over-year. This growth, coupled with Figma’s innovative collaborative design tools, has made it a leader in the software-as-a-service (SaaS) space, attracting millions of users worldwide.
As Figma embarks on this new chapter, the IPO not only offers liquidity to early backers but also signals a robust appetite for tech IPOs in 2025. Industry observers will be watching closely to see how Figma’s debut influences the broader market for tech listings.
Andrew Lee
