Figma, the popular cloud-based design software company, has officially kicked off its IPO roadshow, aiming to raise close to $1 billion in its upcoming public offering on the NYSE. This move marks a significant milestone for the company, which has become a staple in the design and collaboration space for millions of users worldwide.
According to recent reports, Figma is targeting a valuation of up to $16.4 billion on a fully-diluted basis, reflecting strong investor confidence in its growth trajectory. The company plans to sell approximately 37 million shares at a price range of $25 to $28 per share, positioning this as one of the most anticipated tech IPOs of 2025.
Figma’s journey to this point has been fueled by impressive metrics, including $821 million in annual recurring revenue and a year-over-year growth rate of 46%. With over 13 million monthly active users and a presence in 95% of Fortune 500 companies, Figma has solidified its role as a leader in the design tech industry.
The IPO comes after a tumultuous period for the company, including a failed acquisition attempt by Adobe, which was called off due to regulatory concerns. The $1 billion breakup fee from that deal has bolstered Figma’s cash reserves, providing a strong financial foundation as it enters the public market.
Despite economic uncertainties, the tech IPO market appears to be rebounding, with Figma joining other major players like CoreWeave and Circle in capturing investor interest. However, some analysts caution that while the market is hot, Figma’s long-term outlook remains subject to competitive pressures and evolving industry trends.
As the roadshow progresses, all eyes will be on Figma to see if it can meet or exceed expectations. The company’s debut is expected to inject fresh momentum into the tech sector, potentially paving the way for more listings in the near future.
Alfred Lee
