Figma IPO: Design Platform Eyes $1 Billion Raise

Figma Advances Towards Initial Public Offering

The enterprise design platform, Figma, is progressing further in its preparations for an Initial Public Offering (IPO).

IPO Roadshow Commences

On Monday, Figma declared the beginning of its IPO roadshow. The company intends to make available over 36 million shares of Class A stock.

The anticipated price for these shares falls within a range of $25 to $28 each. This share offering encompasses both primary and secondary shares, potentially generating approximately $1 billion for the company.

Pricing Timeline

The IPO is projected to be priced during the week of July 28.

Valuation Insights

Should Figma price its shares at the midpoint of the stated range, its market capitalization is estimated to reach $15.9 billion, as per Renaissance Capital’s analysis.

This valuation is noteworthy as it sits below the $20 billion acquisition offer made by Adobe in September 2022.

However, it exceeds Figma’s most recent private valuation of $12.5 billion, based on data from PitchBook.

Initial Filing and Company History

Figma first submitted its IPO filing in April of this year.

Established in 2012 by Dylan Field and Evan Wallace, the company has secured over $740 million in venture funding.

Investor Base

Notable investors include prominent firms such as:

• Andreessen Horowitz
• General Catalyst
• Sequoia
• and others

Figma has not issued a statement regarding this matter.