Figma(FIG Proposed), a design software company based in San Francisco, disclosed the terms for its highly anticipated IPO early today – about 36.94 million shares at a price range of $25.00 to $28.00 to raise $978.83 million, if the IPO is priced at the $26.50 mid-point of its range. This is a New York Stock Exchange listing. Of the nearly 36.94 million shares in the IPO, Figma is offering 12.47 million shares and the selling shareholders are offering 24.46 million shares, according to the prospectus. The company will not receive any proceeds from the sale of the selling shareholders’ stock.
At pricing, Figma would have a market cap of about $12.92 billion – if the IPO is priced at $26.50, the mid-point of its range. Figma’s IPO is expected to price next week – the week of July 28, 2025.
Morgan Stanley, Goldman Sachs, Allen & Company and J.P. Morgan are leading the joint book-runners team, which includes BofA Securities, Wells Fargo Securities and RBC Capital Markets.
“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,” Figma said in the prospectus.
Figma is not profitable, according to the financial statements in the prospectus.
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