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…

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…