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Figma IPO Could Value Design Software Maker at $16 Billion

SAN FRANCISCO COUNTY, CALIFORNIA, JUL 21 – Figma aims to raise nearly $1 billion in its IPO after a blocked $20 billion Adobe acquisition and reports 46% revenue growth with tripled net income in Q1 2025.

  • Figma, a design software company based in San Francisco and led by co-founder Dylan Field, announced it will begin trading publicly with the ticker symbol FIG through its initial public offering on the NYSE.
  • The IPO follows the failure of Adobe’s $20 billion acquisition deal for Figma in 2022 due to regulatory objections in Europe and the UK.
  • Figma intends to offer close to 37 million shares with a price range of $25 to $28 per share, targeting up to $1 billion in fundraising through a combination of new issuances and shares from existing stakeholders as the market recovers from a prolonged pause since late 2021.
  • Preliminary second-quarter figures showed revenue between $247 million and $250 million with operating income from $9 million to $12 million, reflecting year-over-year revenue growth near 39% and an improved operating margin rising to 4%–5%.
  • If shares price near the midpoint, Figma’s fully diluted valuation could reach about $15.9 billion to $16.4 billion, positioning it among the largest tech IPOs amid ongoing investor uncertainty for tech listings.
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NBC Chicago broke the news in Chicago, United States on Monday, July 21, 2025.
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