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Figma Files S-1, Confirms FIG Ticker for NYSE Debut

The public filing reveals Q1 profit gains; founder Dylan Field retains voting control; use of IPO proceeds is earmarked for debt reduction, working capital, strategic acquisitions.

Dylan Field, cofounder and CEO of Figma.
Dylan Field, CEO at Figma on the TechCrunch Disrupt stage in San Francisco on October 20, 2022. Image Credit: Haje Kamps / TechCrunch
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Figma cofounder and CEO, Dylan Field.

Overview

  • Figma’s S-1 was publicly filed on July 1, outlining plans to list on the New York Stock Exchange under the ticker FIG.
  • The prospectus reports first-quarter 2025 revenue of $228.2 million, a 46% year-over-year increase, and net income of $44.9 million.
  • The company disclosed $749 million in revenue for 2024 with a non-GAAP profit margin near 17% and claims 13 million monthly active users.
  • Figma’s filing mentions artificial intelligence over 150 times, highlighting its commitment to AI development and warning of potential margin impacts.
  • CEO Dylan Field will maintain majority voting power through dual-class shares, while Morgan Stanley, Goldman Sachs, Allen & Co. and JPMorgan Chase lead the IPO underwriting.