Latest news with #Figma
Fast Company
3 hours ago
- Business
- Fast Company
Figma aims for $16 billion valuation as IPO date and stock listing nears
Figma is targeting a valuation of $16.4 billion in its upcoming initial public offering, according to a new filing with the Securities and Exchange Commission (SEC). The collaborative design software maker —a rival to platforms like Adobe—plans to sell around 37 million shares priced between $25 and $28 each, which would generate up to $1 billion in proceeds and give the company a valuation between $14.6 billion and $16.4 billion. The targeted share price was disclosed in the company's updated S-1 statement, filed with the SEC on Monday. Figma had previously entered an agreement with Adobe to be acquired in 2022, but regulators nixed that deal. It's unclear when the listing will occur. A report from Bloomberg, citing an anonymous source, said shares are expected to be priced on July 30. Fast Company reached out to Figma for comment. Figma's stock will trade on the New York Stock Exchange under the ticker 'FIG.' It first filed paperwork with its intent to go public earlier this month. The company's filings show a positive trajectory that investors might find enticing. Figma says it has 13 million active users, and that its products are used by 95% of the Fortune 500. Last year, it drove $749 million in revenue, an increase of 48% year-over-year, and its most recent quarterly sales numbers, for the first few months of 2025, were similarly up 46% year-over-year. Figma's forthcoming IPO follows several other tech-focused listings in recent months, including market debuts for Circle and Chime. Figma was named one of Fast Company 's Most Innovative Companies of 2025.
Time of India
6 hours ago
- Business
- Time of India
Figma IPO launch: Stock aims for $16.4 Billion valuation in NYSE debut, signals tech listing comeback
Representative image (AI) Cloud-based design platform Figma is aiming for a valuation of up to $16.4 billion in its upcoming initial public offering (IPO) for its debut at New York Stock Exchange. The San Francisco-headquartered firm, along with existing investors, plans to raise as much as $1.03 billion by offering nearly 37 million shares, priced in the range of $25 to $28 each. The listing is expected to add momentum to a gradually reviving market for tech IPOs, reported news agency Reuters. The upcoming listing could mark complete contrast for Figma, coming over a year after its proposed $20 billion acquisition by Adobe collapsed due to regulatory roadblocks in the UK and Europe. Big decisions on card Figma is a cloud-based design platform that enables users to collaborate - create and edit apps, websites, and software interfaces. Its client base includes major companies such as ServiceNow, Workday, and SAP. The company reported a 46% increase in revenue in the first quarter of 2025, while net income tripled over the same period, reported Reuters. Figma has indicated a willingness to pursue bold acquisitions, with co-founder and CEO Dylan Field stating the company is ready to "make decisions that may not seem immediately rational." Investor confidence fuels tech IPOs A strong equities rally and a wave of successful tech IPOs have helped lift investor sentiment, clearing the overhang in the market. Figma's debut is expected shortly after the blockbuster listing of stablecoin issuer Circle, which surged on debut and has continued its upward run. Figma plans to debut on the stock market under the symbol 'FIG.' Leading investment banks including Morgan Stanley, Goldman Sachs, Allen & Co, and JP Morgan are serving as underwriters for the offering, according to Reuters. Last year during a tender offer the company was valued at $12.5 billion that enabled employees and early investors to sell a portion of their shares. The design software firm has also garnered attention for its crypto exposure. As per its filing, Figma held around $70 million in Bitwise's bitcoin exchange-traded fund as of March 31 and plans to invest an additional $30 million in the digital asset. Potential challenges However, the IPO comes amid a shifting industry landscape. While Figma is increasing its focus on AI, it has also cautioned that AI-powered design tools could reduce customer dependence on its platform. The company also flagged potential challenges in talent acquisition due to restrictive immigration policies. It pointed out that it has previously adjusted hiring strategies in response to visa framework changes. With the majority of its last fiscal revenue coming from international markets, the company remains vulnerable to potential demand slowdowns if global clients cut back on spending due to tariffs. Renewed trade tensions may heighten caution among IPO investors, potentially causing further market disruptions. In this environment, investor focus is firmly on companies with strong fundamentals and a clear route to profitability, said Leslie Marlow, corporate attorney at Blank Rome. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
12 hours ago
- Business
- The Hindu
Figma aims at $16.4 billion valuation as tech IPOs bounce back
Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings. The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each, it said on Monday. The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe failed due to regulatory hurdles in Europe and the UK. An equities rally and a bunch of strong debuts recently have helped remove the IPO market overhang. Figma is expected to start trading close on the heels of stablecoin giant Circle , which debuted with eye-popping gains last month and has continued surging since. As a major technology player that appears supportive of bitcoin, Figma has already drawn attention on social media. The company had around $70 million invested in Bitwise's bitcoin exchange-traded fund as of March 31 and intends to allocate a further $30 million to bitcoin, its filing showed. Figma expects to list under the symbol "FIG". Morgan Stanley, Goldman Sachs, Allen & Co and J.P. Morgan are among the underwriters for the offering. It was valued at $12.5 billion in a tender offer last year that allowed employees and early investors to cash out a portion of their stake. Figma is a cloud-based design platform that allows users to collaboratively create and edit apps, websites and software interfaces. Its customers include ServiceNow, Workday and SAP. Its revenue rose 46% in the first three months of 2025, while net income jumped three-fold. "Figma's product is its primary marketing engine. Its collaborative nature fosters viral, bottoms-up adoption, leading to a best-in-class sales efficiency," said Tomasz Tunguz, founder of venture capital firm Theory Ventures. The company has also signaled it may take "big swings" with M&A, with co-founder and CEO Dylan Field saying it is prepared to "make decisions that may not seem immediately rational." Still, the listing will take place at a time when the industry landscape is shifting. While Figma is sharpening its focus on AI, it has also warned that design tools driven by the technology could make some customers less reliant on its platform. The company has noted that restrictive immigration policies could impact its ability to recruit talent, citing past adjustments to hiring practices due to changes in visa assessment frameworks. A majority of its revenue in 2024 came from outside the United States, exposing it to potential demand softness if international clients tighten their purse strings in response to tariffs. Renewed trade tensions could also add to the caution among IPO investors, risking further disruption. Against this backdrop, investor attention remains firmly on companies with solid fundamentals and a clear path to profitability, said Leslie Marlow, a corporate attorney at Blank Rome.
Mint
14 hours ago
- Business
- Mint
Figma aims at $16.4 billion valuation ahead of IPO on NYSE
Figma is aiming for a fully-diluted valuation of up to $16.4 billion as it readies for an initial public offering (IPO) on the New York Stock Exchange, a move that could energize the currently recovering tech IPO market, according to a report by Reuters. The San Francisco-based design software company, together with some of its investors, plans to raise as much as $1.03 billion by offering nearly 37 million shares priced between $25 and $28 each, according to a statement released Monday. This IPO marks a key moment for Figma, coming more than a year after its $20 billion proposed acquisition by Adobe was blocked due to regulatory concerns in the UK and Europe. The broader market's recent rebound and successful IPOs like that of Circle have renewed optimism around tech listings. Figma's upcoming debut has already drawn attention, partly due to its pro-bitcoin stance and social media buzz. As of March 31, it had $70 million invested in Bitwise's bitcoin ETF and plans to invest an additional $30 million, its filing shows. The company will list under the ticker symbol "FIG", with Morgan Stanley, Goldman Sachs, Allen & Co., and J.P. Morgan managing the offering. Figma was last valued at $12.5 billion in a 2024 secondary share sale involving early investors and employees. Figma offers a collaborative design platform used to build websites, applications, and user interfaces, with clients including SAP, Workday, and ServiceNow. The company saw a 46% increase in revenue and a threefold jump in net income in Q1 2025. Venture capitalist Tomasz Tunguz praised Figma's product-led growth model, noting that its collaborative features promote viral user adoption and sales efficiency. CEO Dylan Field has also suggested the company is open to bold acquisitions that may seem unconventional at first glance. However, the IPO comes amid changing industry dynamics. While Figma is investing in AI, it acknowledges that AI-powered design tools could reduce customer dependence. The company also pointed to restrictive immigration policies as a hiring challenge and warned of potential global demand risks tied to tariffs and economic uncertainty. Corporate attorney Leslie Marlow noted that in this evolving environment, investors are prioritizing firms with strong financials and clear paths to profitability. (With inputs from Reuters) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
a day ago
- Business
- Yahoo
Figma aims to raise up to $1.03 billion in NYSE IPO
-- Cloud-based designer platform Figma announced Monday it is targeting to raise up to $1.03 billion in its initial public offering (IPO) in the United States. The company plans to list on the New York Stock Exchange under the ticker symbol FIG. Figma has filed for an IPO of approximately 37 million shares, with a price range of $25 to $28 per share. Figma itself will offer 12,472,657 shares, while selling stockholders will offer an additional 24,464,423 shares. Morgan Stanley, Goldman Sachs & Co (NYSE:GS). LLC, Allen & Company LLC, and J.P. Morgan will serve as the lead underwriters for the offering. Related articles Figma aims to raise up to $1.03 billion in NYSE IPO Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Apollo economist warns: AI bubble now bigger than 1990s tech mania Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
