Figma Prices IPO at $25.00-$28.00 Per Share (FIG)

Figma (FIG) plans to raise $978 million in an initial public offering (IPO) on the week of July 28th, IPO Scoop reports. The company will issue 36,900,000 shares at a price of $25.00-$28.00 per share.

In the last year, Figma generated $821 million in revenue and had a net loss of $673.7 million. The company has a market-cap of $12.9 billion.

Morgan Stanley, Goldman Sachs, Allen & Company, J.P.Morgan, BofA Securities, Wells Fargo Securities and RBC Capital Markets acted as the underwriters for the IPO and William Blair and Wolfe Nomura Alliance were co-managers.

Figma provided the following description of their company for its IPO: “(Incorporated in Delaware) Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.   Behind each of these products is a cross-functional team responsible for bringing them to life. In Figma, designers work alongside developers, product managers (“PMs”), researchers, marketers, writers, and other non-designers who, in the three months ended March 31, 2025, made up two-thirds of our more than 13 million monthly active users.1 Together, these teams share and explore ideas, align on a vision, visualize concepts, and translate them into coded products — all on a single, connected, AI-powered platform that collaborators around the world can access with a URL.   Our focus on the entire lifecycle of software creation reflects our ability to rapidly bring new products onto Figma’s browser-based platform and our belief that design spans far beyond a single step or role. We take this expansive view because design is more than how something looks, or even feels; design is also how something works — and in today’s increasingly digital-first world, what sets brands and companies apart.   As AI makes software much easier to create, and as organizations across industries and geographies continue to invest heavily in digital transformation, better-designed digital products and experiences have become even more critical to a company’s success. That’s why 95% of the Fortune 500 and 78% of the Forbes Global 2000 used Figma in March 2025. These companies understand deeply that great design is what attracts and wins user loyalty, especially in a world where a business’ interactions with its customers are increasingly digital. Although we were founded in October 2012, we have evolved our business and platform significantly since publicly launching our initial product, Figma Design, in 2015, including through the introduction of new offerings. For example, we introduced FigJam in 2021, Dev Mode in 2023, Figma Slides in 2024, and Figma Sites, Figma Make, Figma Buzz, and Figma Draw in 2025. In addition, in March 2025, we implemented significant changes to our pricing, packaging, and billing model.   Note: Net loss and revenue are for the 12 months that ended March 31, 2025.   (Note: Figma filed its S-1/A on July 21, 2025, and disclosed the terms for its IPO: 36.94 million shares at a price range of $25.00 to $28.00 to raise $978.83 million, if priced at the $26.50 mid-point of its range. Of the 36.94 million shares in the IPO Figma is offering 12.47 million shares and the selling shareholders are offering 24.46 million shares. The company will not receive any proceeds from the sale of the selling shareholders’ stock, according to the prospectus. Background: Figma filed its S-1 on July 1, 2025, without disclosing the terms for its IPO. Estimated initial proceeds are $100 million, a placeholder figure.) “.

Figma was founded in 2012 and has 1646 employees. The company is located at 760 Market Street, Floor 10 San Francisco, California 94102 and can be reached via phone at 415) 890-5404 or on the web at http://www.figma.com/.