Overview

• Figma priced its IPO at $33 per share, selling 36.9 million Class A shares and raising about $1.22 billion.
• The stock opened at $85 on its first trading day on the NYSE, more than doubling the offer price and delivering immediate returns to early investors.
• The opening valuation near $50 billion far exceeds the $19.3 billion IPO valuation and the failed $20 billion Adobe acquisition bid.
• The offering was oversubscribed by over 40 times, reflecting robust demand for one of the largest US software IPOs since early 2025.
• Figma reported $228.2 million in Q1 2025 revenue, serves 13 million monthly users and counts over 95% of Fortune 500 firms among its customers.