Overview

• Figma sold 36.9 million Class A shares at $33 apiece, raising $1.2 billion and setting an initial valuation of $19.3 billion
• In its first day on the NYSE, Figma’s stock opened at $85 and climbed above $117, nearly tripling its IPO price and pushing its market cap toward $57 billion
• The blockbuster debut follows a string of high-growth tech listings this year, underscoring renewed investor appetite for venture-backed software IPOs
• Figma reported $749 million in revenue for 2024—up 48% year-over-year—and supports 13 million monthly active users across more than 11,100 customers
• A dual-class share structure keeps CEO Dylan Field in control, cementing Figma’s independent path since regulators scuttled Adobe’s $20 billion bid