Figma, a company that makes design and collaboration software, raised USD 1.2 billion in its initial public offering (IPO) on Tuesday, pricing shares at USD 33 each. The company is now worth around USD 19.3 billion and is trading under the symbol “FIG” on the New York Stock Exchange.
This value is almost as high as what Adobe, another big software company, offered to buy Figma for back in 2022. That USD 20 billion deal was blocked by US regulators who were worried it would reduce competition.
After the Adobe deal fell through, Figma took its time preparing to go public, Axios reported. It used the time to develop new tools powered by AI, which it debuted in May at its big annual event for designers and developers.
Figma’s stock launch comes during a strong period for the stock market. It’s also one of the biggest tech IPOs this year. Only four other companies have raised over USD 1 billion through an IPO in 2025.
Thanks to the stock price, Figma’s early investors and even a nonprofit organization that owns shares in the company are making a solid profit.
With the IPO window wide open, the company may have redefined how and when to make a public debut.
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