Figma Eyes $16.4 Billion Valuation in Upcoming IPO Amid Tech Market Revival

San Francisco-based design software firm Figma is preparing for a major Wall Street debut, signaling renewed optimism in the tech IPO space.

Aiming High: Figma Targets $16.4 Billion Valuation

Figma is setting its sights on a fully-diluted valuation of up to $16.4 billion in its upcoming initial public offering (IPO), according to a filing released Monday. The company and existing investors plan to raise as much as $1.03 billion by selling nearly 37 million shares, priced between $25 and $28 each.

The IPO marks a critical moment for Figma, which previously attempted a $20 billion acquisition by Adobe in 2022. That deal ultimately collapsed due to regulatory scrutiny in Europe and the UK.

Riding the Wave of a Rebounding Tech IPO Market

Figma’s public debut comes at a time of renewed enthusiasm for technology listings. A broader equities rally and a string of successful IPOs, including that of stablecoin giant Circle (CRCL.N), have helped to restore investor confidence.

The design software company is expected to list on the New York Stock Exchange under the ticker “FIG“, with Morgan Stanley, Goldman Sachs, J.P. Morgan, and Allen & Co serving as lead underwriters.

Bitcoin Bet Draws Social Media Buzz

Figma’s IPO plans have also caught the attention of the crypto community. As of March 31, the company had invested approximately $70 million in Bitwise’s bitcoin ETF, with plans to allocate an additional $30 million into bitcoin. The move positions Figma among a growing cohort of tech firms embracing digital assets.

From $12.5 Billion to $16.4 Billion: A Rapid Valuation Climb

The company was valued at $12.5 billion just last year in a tender offer that allowed early investors and employees to cash out a portion of their holdings. The latest offering reflects growing investor appetite for high-growth tech companies.

Big Clients, Bigger Growth

Figma’s collaborative design platform is used by some of the world’s leading enterprise software companies, including ServiceNow, Workday, and SAP. The tool allows teams to chttps://globanow.com/what-is-the-effect-stock-on-monday-market-prices/o-create and edit apps, websites, and software interfaces in real-time.

Figma’s financial performance underlines its momentum: revenue surged 46% in the first quarter of 2025, and net income tripled over the same period.

A Product That Markets Itself

According to Tomasz Tunguz, founder of Theory Ventures, Figma’s strength lies in its viral product-led growth.

“Figma’s product is its primary marketing engine,” Tunguz said. “Its collaborative nature fosters viral, bottoms-up adoption, leading to a best-in-class sales efficiency.”