Overview

• Figma sold 36.9 million Class A shares at $33 apiece, raising about $1.2 billion with proceeds split between new issuance and secondary sales.
• The offering set a fully diluted valuation near $19.3 billion, just under the $20 billion Adobe acquisition that was blocked by regulators in 2023.
• Shares of FIG opened at $85 on the New York Stock Exchange, more than doubling the IPO price in one of this year’s strongest first-day tech performances.
• Early backers including Index Ventures, Greylock Partners, Kleiner Perkins, Sequoia Capital and the MCF Gift Fund sold 24.4 million shares to realize significant liquidity.
• The debut follows high-profile listings from Circle, CoreWeave and Chime and underscores a broader recovery in venture-backed technology IPOs.