Latest Update :
Figma, the collaborative design platform used by millions of designers and developers worldwide, has officially filed for an Initial Public Offering (IPO) in the U.S. market. After the $20 billion Adobe-Figma acquisition deal was blocked by regulators in 2023, Figma has decided to go public independently and is now aiming for a market valuation of $18.8 billion.
This IPO is expected to be one of the most closely watched tech public listings of 2025.
Company Overview: What is Figma?
- Name: Figma Inc.
- Founded: 2012
- Founders: Dylan Field and Evan Wallace
- Headquarters: San Francisco, California, United States
- Employees: Over 1,000 (as of 2025)
- Users: Millions of individual designers, developers, product managers, and teams
Figma provides a web-based design and collaboration tool that allows users to design UI/UX interfaces, prototype user journeys, and work in real-time across teams—without installing any software.
🧰 Key Products of Figma:
| Product | Description |
| Figma | Main UI/UX design tool, known for real-time collaboration and vector editing |
| FigJam | Online whiteboard for brainstorming, mind mapping, and team planning |
| Dev Mode | Developer tool for design handoff and code inspection |
Figma’s browser-based platform is widely regarded for its speed, ease of use, and collaborative power. It has become an industry standard in design and development teams across top global companies like Google, Uber, and Airbnb.
Figma IPO Details (As Per Official Filing):
- IPO Filing Status: Filed S-1 form with the U.S. Securities and Exchange Commission (SEC)
- Target Valuation: $18.8 billion
- Expected IPO Date: Likely in Q3 or Q4 of 2025
- Exchange: Likely to list on NASDAQ
- Ticker Symbol: To be announced
- Lead Underwriters: Goldman Sachs, Morgan Stanley, and others are expected to lead the offering
What Investors Should Know:
1. Revenue Growth
Figma has experienced consistent revenue growth, thanks to its freemium business model and wide adoption across startups and enterprises.
2. Strong User Base
The platform has millions of active users, and its usage spiked especially during the pandemic as companies moved to remote workflows.
3. High Gross Margins
Like most SaaS platforms, Figma enjoys high gross margins and strong subscription revenue from teams and organizations.
4. Growth Potential
The market for design collaboration tools continues to expand globally, giving Figma plenty of runway for growth.
Background: Adobe Deal Blocked
In 2022, Adobe announced plans to acquire Figma for $20 billion, but the deal was blocked by regulators in the U.S. and Europe in 2023 due to antitrust concerns. Authorities feared that Adobe’s monopoly in design software would only grow stronger, reducing competition.
Following the collapse of the deal, Figma continued to grow independently and now feels confident enough to enter the public market.
Why Figma’s IPO Matters
- Marks one of the biggest IPOs in the design-tech space
- Sends a positive signal to the broader tech IPO market, which has seen a slowdown in recent years
- Gives investors a chance to be part of a company that’s shaping the future of digital design and collaboration
- Competes with giants like Adobe, Sketch, and Canva — and is favored for cloud-first, team-first features
You can read Figma’s official IPO registration statement (S-1 filing) here:
🔗 https://www.sec.gov/edgar/searchedgar/companysearch.html
Sources: Information gathered from Bloomberg, Reuters, TechCrunch, and official SEC filings.
