The American technology company Figma has made its debut on the stock exchange, closing trades at a price of $115.50 per share, significantly surpassing the initial offering price of $33. This allowed Figma’s market capitalization to be valued at $56.3 billion, and when accounting for all shares and options, it exceeds $65 billion. This result is more than three times the valuation of $20 billion at which Adobe planned to acquire the company in 2023, but the deal fell through due to antitrust restrictions.
This is reported by Finway
Demand for Figma Shares Exceeded Supply by 40 Times
Investors showed significant interest in the initial public offering: demand for shares exceeded supply by more than 40 times, with half of the bids going unfulfilled. According to Bloomberg, this marked the largest “first day” for an IPO in the U.S. software sector in the last three decades.
Figma’s founder and CEO, Dylan Field, received a stake valued at approximately $6 billion, and thanks to Class B shares, he holds 74.1% of the voting rights in the company. Field has been granted a “monthly” compensation package: bonuses will begin to accrue if the average share price exceeds $60, with the maximum level reached at a price of $130.
Financial Performance and Investment in Development
In the first quarter of 2025, Figma earned $228 million in revenue and reported a net profit of $44.9 million. However, for the year 2024, the company recorded a net loss of $732 million, attributed to rising expenses. During the IPO, the company, along with investors, sold nearly 37 million shares, with leading financial institutions—Morgan Stanley, Goldman Sachs, Allen & Co., and JPMorgan—facilitating the offering.
Figma is widely used for designing web and mobile applications, and recently the company has expanded its collaborative capabilities with developers through the Dev Mode feature and the AI-based Figma Make tool, which allows for generating prototypes from text prompts. Figma is actively investing in AI development and is exploring merger and acquisition opportunities for further growth.
According to Field, going public is a “recognition moment” for the brand and design as a whole.
The company’s management is considering ways to expand Figma’s audience beyond the design community by creating tools for a broader range of office workers.
Figma’s successful IPO has revitalized the primary offering market in the U.S.: since the beginning of 2025, the volume of IPOs has already exceeded $21 billion, surpassing the total for the entire previous year.