Figma Aims at $13.7 Billion Valuation as Tech IPOs Bounce Back

Figma is targeting a valuation of approximately $13.65 billion in its upcoming U.S. IPO, with plans to raise up to $1.03 billion by offering nearly 37 million shares priced between $25–28 each on the NYSE under the ticker FIG SEC+15Reuters+15Reddit+15.
This landmark move follows the collapse of Adobe’s attempted $20 billion acquisition, blocked by EU and UK regulators. With 46% revenue growth and a threefold increase in net income in early 2025, Figma is riding a strong financial upsurge Financial Times+3Reuters+3Reuters+3.
The IPO’s timing aligns with a broader resurgence in tech listings, reinforced by successful offerings like stablecoin issuer Circle. Notably, Figma has invested $70 million in a Bitcoin ETF and plans an additional $30 million deployment—a strategic nod to crypto-savvy investors Barron’s+5Reuters+5mint+5.
With major underwriters—Morgan Stanley, Goldman Sachs, Allen & Co, and JPMorgan—the IPO marks a critical step forward for Figma’s expansion and ambition: CEO Dylan Field has hinted at bold future acquisitions