Figma, which provides browser-based design software, raised the proposed range for its upcoming IPO on Monday.
The San Francisco, CA-based company now plans to raise $1.1 billion by offering 36.9 million shares (66% secondary) at a price range of $30 to $32. The company had previously filed to offer 36.9 million shares at a range of $25 to $28. At the midpoint of the revised range, Figma will raise 17% more in proceeds than previously anticipated and command a fully diluted market value of $18.6 billion and an enterprise value of $17.1 billion.
Originally a browser-based tool for designing user interfaces for digital products, the 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 sales 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.
