In a daring pivot from its thwarted $20 billion union with Adobe, design-software phenom Figma has fired the starting gun on a blockbuster $979 million initial public offering, marking a dramatic new chapter for one of Silicon Valley’s brightest startups.
In a filing made Monday with the U.S. Securities and Exchange Commission (SEC), San Francisco-based Figma disclosed plans to list 36.9 million shares at a price range of $25 to $28 each, setting the stage for a $15.9 billion market cap at the offering’s midpoint, according to Renaissance Capital.
This move puts Figma in the IPO spotlight just months after walking away from a historic mega-deal with Adobe, abandoned amid intense antitrust scrutiny in the U.K. and EU.
Backed by Titans, Fueled by Momentum
Venture powerhouses Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins are all on board as Figma gears up to float its stock on the New York Stock Exchange under the ticker FIG.
The offering, which is expected to price the week of July 28, will also include an option for underwriters to purchase an additional 5.5 million shares of Class A common stock to cover over-allotments.
