Figma’s IPO Debuts with a Valuation of $19.3 Billion

Figma is poised to begin trading on the New York Stock Exchange this Thursday, marking what is anticipated to be one of the most highly anticipated IPOs of 2025. As confirmed by TechCrunch and reported by Bloomberg, the IPO has been oversubscribed by a staggering 40 times.

This surge in interest indicates that the demand for shares significantly outweighs the supply, with 40 times more interest than the shares being made available by the company and its current investors. Given this overwhelming demand, it is not surprising that Figma, a design software provider, has set its initial share price at $33, surpassing its previously projected range.

On Monday, the company revealed that its anticipated price range had been adjusted to $30 to $32, up from an earlier estimate of $25 to $28. With the final price fixed at $33, the offering is expected to raise approximately $1.2 billion. A considerable portion of this capital will benefit existing shareholders, who are selling roughly double the number of shares that the company is offering, including shares from founder and CEO Dylan Field.

According to CNBC, the IPO valuation places Figma at $19.3 billion, nearing the $20 billion that Adobe aimed to pay before its acquisition attempt fell through in 2023 due to regulatory challenges.