US EditionFigma files for NYSE debut as tech IPO market gains steam
UNITED STATES, JUL 1 – Figma aims to raise $1.5 billion in its IPO after a failed $20 billion Adobe acquisition, with revenues up 46% year-over-year and over 13 million monthly users, according to Renaissance Capital.
- On Tuesday, Figma submitted its IPO filing, planning to launch its shares on the NYSE under the symbol FIG.
- Figma filed confidentially in April after scrapping a $20 billion acquisition by Adobe due to U.K. regulatory pressure.
- The company reported $749 million revenue in 2024, a 48% increase year-over-year, and $228.2 million in Q1 2025, a 46% rise from last year.
- CEO Dylan Field stated that Figma was ready to move away from the common practice of remaining private for extended periods, highlighting advantages such as increased liquidity and enhanced brand visibility.
- Figma faces intense competition and aims to grow through AI investment and acquisitions while maintaining Field’s majority voting control post-IPO.
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Figma files for IPO nearly two years after $20 billion Adobe buyout fell through
About a year and a half after Adobe’s attempted $20 billion acquisition of design software unicorn Figma collapsed, Figma has taken a step towards a new future in the public markets. On Tuesday, when the company filed paperwork to go public on the New York Stock Exchange, in a prospectus larded with more than 200 references to AI, Figma set the stage for one of the most anticipated IPOs of 2025. The San Francisco-based company, which will trad…
Figma is going public
Figma, the platform that specializes in collaborative interface design, has filed for an initial public offering (IPO). The company will trade under the ticker symbol “FIG” as it prepares to “double down” on its investments in AI. Figma was nearly acquired by Adobe for $20 billion in 2022, but the two companies scrapped the deal in 2023 after facing pressure from regulators in the UK and the European Union. Last year, Figma CEO Dylan Field hinte…
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