Figma’s First Day on the New York Stock Exchange
Figma, a leading design and product development platform, made a major splash in its Wall Street debut on July 31, 2025, with shares triple the public offering price in a dramatic display of investor enthusiasm. Trading under the ticker symbol “FIG”, Figma was priced at $33 per share, ultimately raising $1.2 billion for the company and key shareholders. This successful
initial public offering marks one of the largest tech IPOs in recent years[1][3][4].
Setting Records Among VC-Backed Tech Companies
Industry analysts note that Figma’s IPO is the largest venture-backed tech public offering in the U.S. market since Rivian Automotive in late 2021. With a debut market capitalization close to $19-20 billion, Figma has instantly become one of the most valuable publicly traded software companies born in Silicon Valley’s latest boom[2][4].
- IPO Price: $33 per share
- Shares sold: 36.9 million
- Capital raised: $1.2 billion ($1.4 billion including overallotments)
- Ticker symbol: FIG
- Valuation at debut: ~$19 billion
Market Impact and Industry Reactions
Figma’s blockbuster debut arrives after its highly publicized $20 billion planned merger with Adobe fell through over regulatory hurdles more than a year ago. Its ability to achieve a near-similar valuation through a public offering is seen by analysts as testament to its robust standalone business model[3][4].
Renaissance Capital’s Matt Kennedy emphasized Figma’s rarity in reaching such a high valuation as a venture-backed tech company, calling it a “behemoth.” Derek Hernandez of PitchBook highlighted Figma’s year-over-year revenue growth near 50% and its Q1 net income of $44.9 million as indicators of extraordinary financial health[2][3].
The Wider IPO Climate and What’s Next
Figma’s successful entry onto public markets is expected to influence other top private software companies—such as Canva and Databricks—to potentially pursue
public listings of their own. Industry observers say this could mark a turning point after a years-long lull in major tech IPOs, as public investor appetite appears rejuvenated by Figma’s stunning performance[2].
CEO Dylan Field reaffirmed Figma’s mission to “eliminate the gap between imagination and reality,” as design becomes central to innovation for teams building digital products worldwide[5].
About Figma
Figma provides a collaborative cloud-based suite for design and product development, enabling teams to create, test, and iterate together. Its tools are considered essential in modern software, web, and product design workflows. The company now looks to expand its reach and capabilities as a freshly minted public entity.
