Figma’s IPO Set to Value the Design Software Maker at up to $16.4 Billion
Figma, the cloud-based design software company, is gearing up for its initial public offering (IPO) with an anticipated valuation between $14.6 billion and $16.4 billion. The company’s plan to sell approximately 37 million shares priced between $25 and $28 each could generate up to $1 billion in proceeds from the offering and selling shareholders.
Led by co-founder Dylan Field, who plans to sell shares worth up to $65.8 million, Figma’s IPO is a significant event in the tech sector, especially after the company previously faced a $20 billion acquisition deal from Adobe that was ultimately scrapped due to regulatory pushback.
Figma’s recent preliminary quarter results show promising growth, with projected revenues between $247 million and $250 million, reflecting a 39% to 41% increase year-over-year. The company is climbing towards positive operating margins, expected to be in the range of 4% to 5%, improving on last year’s figures.
Notably, Figma has authorized the issuance of blockchain common stock, although there are no immediate plans to issue such shares. The company has also made investments in digital assets, including a stablecoin and a Bitcoin exchange-traded fund.
This IPO marks a vital milestone for Figma as it prepares to trade on the New York Stock Exchange under the ticker symbol “FIG.” The move comes amid a slowly recovering technology IPO market after a lull driven by economic uncertainties.
For investors and followers of tech IPOs, Figma’s entrance into public markets is a significant development, with expectations high for continued growth in the blossoming digital design space.
