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5h ago

Figma Raises IPO Price Range to $30–$32, Targets $18.8 Billion Valuation

Investor appetite for high-growth AI-enabled platforms is propelling Figma’s plan to raise $1.18 billion through its NYSE listing

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2025. REUTERS/Brendan McDermid/File photo
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Overview

  • Figma increased its IPO price range from $25–$28 to $30–$32 per share, lifting its valuation goal to $18.8 billion.
  • The company and some existing investors intend to sell nearly 37 million shares to generate about $1.18 billion in proceeds.
  • The revised valuation approaches the $20 billion that Adobe had offered before their acquisition deal was abandoned in late 2023.
  • Figma reported 46% year-on-year revenue growth in Q1, reaching $228.2 million and delivering net income of $44.9 million.
  • The offering will list on the New York Stock Exchange under the symbol “FIG” with Morgan Stanley, Goldman Sachs, Allen & Company and J.P. Morgan as lead underwriters.