Figma prices IPO at $33, above expected range
Key Takeaways
Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech company to go public.
Article Overview
Quick insights and key information
3 min read
Estimated completion
investment
Article classification
July 30, 2025
10:04 PM
CNBC
Original publisher
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg nology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesFigma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per , above its expected range.The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday
The offering raised $1.2 billion, with most of the ceeds going to existing stockholders.Figma is aiming to take advantage of a public market that has slowly reopened for IPOs
Stablecoin issuer Circle and artificial intelligence infrastructure vider CoreWeave have soared since their debuts earlier this year, while other companies including online banking firm Chime, and health- companies Hinge Health and Omada Health have also made it to market.The offering values Figma at $19.3 billion
The company had agreed to be acquired by Adobe for $20 billion, but that deal fell apart in 2023 ing objections from regulators
Adobe paid Figma a $1 billion termination fee.On Monday, Figma said its expected price range was $30 to $32 per .Figma was founded in 2012 by CEO Dylan Field and Evan Wallace
The company is based in San Francisco, with offices in France, Germany, Japan, Singapore and the U.K.Figma said in its d spectus that revenue for the quarter June rose to between $247 million and $250 million from $177.2 million a year earlier, representing growth of 40% at the middle of the range
As far as fits, the expected range for the quarter goes from an operating loss of up to $500,000 to an operating fit of $2.5 million, Figma said
That compared to a loss of $894.3 million a year earlier, due mostly to costs related to stock-based compensation.For the March quarter, revenue rose 46% to $228.2 million, and net income tripled to $44.9 million.Field is the company's biggest investor, with 56.6 million s ahead of the offering, along with voting control over another 26.7 million s
Index Ventures is the leading institutional stakeholder, with 65.9 million s, or 17 % of s outstanding before the IPO
Greylock is second at 16%, ed by Kleiner Perkins at 14% and Sequoia Capital at 8.7%.All of the top investors are selling a portion of their stake in the IPO.WATCH: Jim Cramer breaks down Figma ahead of its IPOwatch now2:0202:02Jim Cramer breaks down Figma ahead of its IPOMad Money with Jim Cramer
Related Articles
More insights from FinancialBooklet