Figma IPO 2025: $1 Billion Raise, $13B Valuation, and Why Investors Are Excited

Q: What is Figma’s stock symbol?

Figma will trade on the New York Stock Exchange (NYSE) under the ticker FIG.

Q: When is the Figma IPO priced?

The IPO pricing is expected during the week of July 28, 2025.

Q: Is Figma profitable?

Yes, Figma reported a $44.9M net profit in Q1 2025, though it posted a loss in 2024 due to stock-based compensation expenses.

Q: Why did Figma invest in Bitcoin?

Figma invested in Bitcoin and stablecoins to diversify its cash holdings and appeal to crypto-forward investors.

Figma IPO 2025 is one of the most anticipated U.S. tech IPOs. With a $13–16.5B valuation, $1B funding target, and AI-driven product expansion, Figma is reshaping collaborative design. Here’s everything investors need to know, from financials to risks.

What Is the Figma IPO and Why It Matters in 2025?

Figma, the collaborative design platform disrupting Adobe’s dominance, is finally going public. The company’s initial public offering (IPO) is expected to be one of the biggest U.S. tech debuts of 2025, attracting huge investor interest thanks to its strong SaaS business model, AI-powered tools, and even a surprising crypto twist.

In this in-depth analysis, we break down everything U.S. investors need to know about the Figma IPO – valuation, financials, roadmap, and potential risks.

Figma IPO Details: Valuation, Price Range, and Shares Offered

How Big Is the Figma IPO?

Ticker Symbol: FIG (New York Stock Exchange)
Price Range: $25–$28 per share
Total Shares Offered: Around 37 million shares (12.4M new Class A shares + 24.6M existing investor shares)
Target Funding: Around $1–1.03 billion
Valuation:
- $12.9–13.7B at offering
- $14.5–16.5B fully diluted

For context, Adobe once tried to acquire Figma for $20 billion in 2022 – making this IPO a crucial moment for the company to prove its independent growth potential.

Figma IPO Timeline and Roadshow in the U.S.

S-1 Filing with SEC: July 1, 2025
IPO Roadshow Launch: July 21, 2025 (lead underwriters include Morgan Stanley, Goldman Sachs, JPMorgan)
Pricing Week: Expected between July 28–30, 2025
Debut on NYSE: Early August 2025 (tentative)

Figma Financials: Strong SaaS Growth With AI-Driven Expansion

Revenue and Profit Trends

Q1 2025 Revenue: $228.2M (+46% YoY)
Q1 2025 Net Income: $44.9M (a sharp improvement after 2024 losses)
Full-Year 2024 Revenue: $749M (+48% YoY), but a one-time $732M net loss due to stock-based compensation
2023 Revenue: $505M; Net Income $738M (boosted by Adobe’s $1B breakup fee)

Customer Base & SaaS Margins

450K+ paid accounts
11,107 enterprise customers generating ≥ $10K ARR
1,031 customers generating ≥ $100K ARR
Gross Margin: 88–91% (among the highest in SaaS)

This strong SaaS revenue model makes Figma highly attractive to U.S. growth investors.

Adobe’s Failed Acquisition and Figma’s Strategic Pivot

In 2022, Adobe announced a $20B acquisition of Figma, which regulators blocked in December 2023 due to antitrust concerns. Figma walked away with a $1 billion breakup fee, strengthening its cash reserves.

Post-Adobe, CEO Dylan Field doubled down on innovation, introducing four new AI-powered products at the Config 2025 event.

Figma’s AI-Driven Growth Strategy

New Products Announced at Config 2025

Figma Sites – AI website builder
Figma Make – AI-assisted code & prototype generator
Figma Buzz – AI-driven brand marketing tool
Figma Draw – AI vector illustration tool

By embedding AI into its design ecosystem, Figma is positioning itself as the future of collaborative design – a major U.S. tech trend.

The Crypto Twist: Figma’s Bitcoin Investment

One surprising detail in Figma’s S-1 filing is its Bitcoin and stablecoin investments:

$69.5M in a Bitcoin ETF
$30M worth of USDC stablecoins purchased in May 2025 (with plans to convert to Bitcoin later)

This crypto investment strategy has sparked investor curiosity, aligning Figma with other forward-looking tech companies like Tesla and MicroStrategy.

Who’s Selling Shares in the IPO?

CEO and VC Share Sales

CEO Dylan Field: Selling ~~2.35M shares (~~$62M), but retaining 74% control through Class B super-voting shares
VC Firms Selling: Index Ventures, Greylock, Sequoia Capital, Kleiner Perkins

While some secondary sales are normal in tech IPOs, Dylan Field’s strong voting control reassures investors about consistent leadership.

Why the Figma IPO Is a Big Deal for U.S. Tech Investors

The U.S. Tech IPO Market Is Heating Up

After a quiet 2024, 2025 has seen strong IPO activity from Circle, Chime, and CoreWeave. Figma joins this wave, signaling renewed investor confidence in high-growth SaaS stocks.

Key Reasons to Be Bullish on Figma

Market-leading collaborative design tool
Strong SaaS margins & enterprise adoption
AI-powered product roadmap
$1B cash buffer + crypto diversification

Potential Risks Investors Should Watch

1. Valuation and Price Volatility

At $25–28 per share, Figma’s IPO valuation is slightly below Adobe’s acquisition offer, but post-IPO volatility is expected.

2. Competitive Pressure

AI-driven competitors, including Canva and Adobe’s new Firefly AI tools, could challenge Figma’s growth.

3. Regulatory and Global Risks

U.S.–China trade tensions and data privacy regulations may impact global expansion.

Is Figma Stock a Good Buy Post-IPO?

For U.S. retail investors, Figma could be a strong long-term growth play given its:
✔ Strong SaaS fundamentals
✔ AI innovation pipeline
✔ Expanding enterprise customer base

However, short-term traders should expect high volatility, as is typical with new tech IPOs.

What’s Next for Figma After the IPO?

Use of Proceeds: AI R&D, global expansion, potential M&A
Leadership Outlook: Dylan Field hinted at “taking big swings” in product innovation post-IPO
Growth Focus: Strengthening U.S. enterprise adoption and expanding into Asia & Europe

Conclusion: Should You Invest in Figma IPO?

The Figma IPO represents more than just another tech stock listing – it’s a test of investor appetite for high-growth SaaS companies in 2025. With strong fundamentals, an AI-focused roadmap, and a bold crypto strategy, Figma is well-positioned for long-term success.

However, investors should weigh the risks of high valuation and competition before diving in. For growth-focused U.S. portfolios, Figma could be one of the most exciting IPO plays of 2025.

Frequently Asked Questions (FAQ)

Q1: What is Figma’s stock symbol?
A1: Figma will trade on the New York Stock Exchange (NYSE) under the ticker FIG.

Q2: When is the Figma IPO priced?
A2: Pricing is expected in the week of July 28, 2025.

Q3: Is Figma profitable?
A3: Yes, Figma reported a $44.9M net profit in Q1 2025, though it posted a loss in 2024 due to stock compensation expenses.

Q4: Why did Figma invest in Bitcoin?
A4: To diversify its cash holdings and attract crypto-forward investors.

What Is the Figma IPO and Why It Matters in 2025?