Figma, a leading developer of cloud software for designers, has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on the New York Stock Exchange. The expected valuation of the company after the offering could reach $16.5 billion.
This is reported by Finway
IPO Details and Investment Strategy
Figma and its current investors plan to offer about 40 million shares in a price range of $25 to $28 per share. At the maximum offering price, the company could raise over $1 billion. Ultimately, considering options and additional shares, Figma’s total capitalization could reach $16.5 billion.
The document submitted to the SEC states that Figma has already invested approximately $70 million in Bitcoin-linked exchange-traded funds (Bitcoin ETFs) and plans to expand its cryptocurrency exposure soon. Currently, this stake represents 4.5% of the company’s total cash and securities portfolio.
The company has already invested about $70 million in Bitcoin ETFs.
Innovations in Corporate Governance and New Appointments
Figma is also considering the issuance of blockchain common stock, which would allow it to become one of the first technology companies with tokenized securities. Such a move could represent a significant innovation for the stock market and the field of corporate governance.
Two notable figures have joined Figma’s board of directors: Mike Krieger, co-founder of Instagram and currently an employee at Anthropic, and Luis von Ahn, co-founder of Duolingo. Both have substantial experience in developing digital products on a global scale.
Dylan Field, co-founder and CEO of the company, will retain control over Figma after the IPO due to shares with voting rights.
Key underwriters include Morgan Stanley, Goldman Sachs, Allen & Company, and JPMorgan.
In July 2025, other major market players also filed for IPOs: investment firm Grayscale Investments and custodian BitGo. Additionally, fintech company Figure Technology Solutions announced plans to go public this fall.