Figma Aims at $16.4 Billion Valuation Ahead of IPO on NYSE

An expanded take suggests Figma may reach a fully diluted valuation of up to $16.4 billion, if all options and convertible shares are considered SEC+9Financial Times+9mint+9.
Financial highlights reveal Q1 2025 revenue of $228 million (up 46% YoY) and net income of $44.9 million, reversing a prior net loss—a strong signal of profitability momentum MarketWatch.
The IPO closely follows the shelving of the Adobe deal in December 2023, with Figma having pocketed a $1 billion breakup fee Axios+15MarketWatch+15Bloomberg.com+15.
Investors are also watching Figma’s crypto strategy, with holdings in bitcoin-related assets as a unique differentiator MarketWatch.
The NYSE debut under “FIG”, backed by top-tier banks, arrives at a pivotal time in the tech market, testing Figma’s growth narrative and broader market sentiment toward IPOs