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Finance - July 31, 2025

Figma Makes Strong Debut with $19.3 Billion Valuation in Initial Public Offering

Figma Makes Strong Debut with $19.3 Billion Valuation in Initial Public Offering

In an anticipated milestone for the tech industry, design software company Figma is set to debut on the New York Stock Exchange (NYSE) Thursday, following a highly sought-after Initial Public Offering (IPO). The offering, which has garnered significant interest, is reportedly 40 times oversubscribed, as confirmed by venture capitalists to Bloomberg.

This overwhelming demand signifies that the number of shares being sought is 40 times the number of shares offered by Figma and its existing investors. Consequently, the company has priced its initial shares at $33 per share, exceeding the previously announced range.

On Monday, Figma disclosed an anticipated price range of $30 to $32, an increase from its earlier announcement of $25 to $28. At the final offering price of $33, the IPO raised a substantial $1.2 billion. A significant portion of this capital is earmarked for existing shareholders who are selling approximately twice as many shares (including founder and CEO Dylan Field) as the company itself has offered.

With an IPO price valuing Figma at $19.3 billion, according to CNBC reports, the company finds itself in a position comparable to the $20 billion Adobe was prepared to pay before its acquisition attempt fell through in 2023 due to regulatory pressure.