San Francisco, CA – [Date] – Figma Inc., a leading web-design software company, successfully priced its initial public offering (IPO) at $1.2 billion on Wednesday, surpassing its previously revised price range. The offering was guided by Fenwick & West LLP and underwriters counsel Latham & Watkins LLP.
Figma offered 36.9 million shares at $33 each, exceeding the marketed range of $30 to $32. The IPO included 12.4 million shares sold directly by Figma and 24.5 million shares offered by existing shareholders. This marks a significant milestone for the 13-year-old company, which is now valued at approximately $16 billion.
Shares are set to begin trading on the New York Stock Exchange on Thursday under the ticker symbol “FIG.” Proceeds from the offering will be used to repay outstanding debt and invest in capital-preservation strategies, including short-term, investment-grade, interest-bearing securities.
Known for its cloud-based tools that enhance web design functionality for platforms like Google Maps and Netflix, Figma continues to invest heavily in artificial intelligence to improve its products and support aggressive growth plans.
In its latest filing with the U.S. Securities and Exchange Commission, Figma reported over 13 million active users as of March 31, 2025.
The IPO follows Figma’s previously announced and ultimately cancelled $20 billion merger with Adobe Inc., which was called off due to regulatory challenges in the UK and Europe.
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and Allen & Company LLC served as lead underwriters.
The Fenwick & West LLP legal team representing Figma was led by partners Michael Esquivel, Ran Ben-Tzur, Jennifer Hitchcock, Aman Singh, and Chance Goldberg. The underwriters were represented by a Latham & Watkins LLP team led by partners Rick Kline and Richard Kim.
