Figma, which provides an in-browser web design tool, announced terms for its IPO on Monday.
The San Francisco, CA-based company plans to raise $979 million by offering 36.9 million shares (66% secondary) at a price range of $25 to $28. At the midpoint of the proposed range, Figma would command a fully diluted market value of $15.9 billion.
Originally a browser-based tool for designing user interfaces, thee Figma platform has expanded to help teams go from idea to product all in one place. Since launching Figma Design in 2015, the company has launched seven products, including four in 2025. Many customers utilize interconnectivity across the company's platform, with 76% using two or more products during the three months ended March 31, 2025. Figma serves users in over 150 countries, and during the three months ended March 31, 2025, approximately 85% of monthly active users were based outside of the US.
Figma was founded in 2012 and booked $821 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol FIG. Morgan Stanley, Goldman Sachs, Allen & Company, J.P. Morgan, BofA Securities, Wells Fargo Securities, and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of July 28, 2025.
