Figma, the collaborative design software platform, made a stunning debut on the New York Stock Exchange, more than tripling its share price within hours. In a powerful display of renewed investor interest, Figma’s IPO is shaping up to be one of 2025’s most defining tech market moments.
On Wednesday, the company priced its shares at $33. By Thursday morning, it opened at $85, briefly spiked beyond $112, and closed at $115.50 — a whopping 250% gain that placed its market cap just shy of $68 billion.
From $33 to $115.50: Investors Can’t Get Enough
In an IPO landscape that had been quiet since early 2022, Figma’s debut brought loud cheers. As inflation and rising interest rates cooled markets in recent years, IPO activity froze — but 2025 is shifting gears. Tech players like CoreWeave, Chime, and Circle have already stepped in, and now Figma has pushed the momentum forward.
Figma’s ticker symbol “FIG” was temporarily halted due to intense activity. Its performance is widely seen as a green light for many tech startups that had been sitting on the sidelines.
The Adobe Deal That Wasn’t
Figma’s climb comes just two years after Adobe offered to acquire it for $20 billion — a deal later scrapped. In 2023, U.K. regulators ruled the merger would likely hurt innovation and competition in the design software space. That exit opened the door for Figma to pursue the public markets on its own terms.
Built for Collaboration, Valued for Vision
Founded in 2012 and led by 33-year-old CEO Dylan Field, Figma has revolutionized the way teams design and collaborate in real time. Its web-based tools support work on slide decks, whiteboards, app interfaces, and more.
Today, the company serves more than 13 million users each month — two-thirds of whom are not traditional designers. Major clients include Google, Netflix, Microsoft, and Uber.
More than 1,000 enterprise customers pay over $100,000 annually, highlighting Figma’s deep value across industries.
A CEO Keeping His Feet on the Ground
Speaking on CNBC’s Squawk Box, CEO Dylan Field struck a grounded tone. “Share price is a moment in time,” he said. “We have to stay focused, stay on mission, and listen to our customers.”
Field’s personal stake in the company now exceeds $6 billion. But instead of celebrating, he emphasized long-term priorities over daily fluctuations.
Revenue on the Rise, Demand at Peak
According to its latest filing, Figma earned between $9 million and $12 million in operating income during Q2, with revenue estimated between $247 million and $250 million — a 40% jump from last year.
Originally slated to sell shares between $25 and $28, the company increased the price range twice before finalizing at $33, thanks to overwhelming investor interest.
The $1.2 billion offering primarily benefited early investors, including Greylock, Index Ventures, Kleiner Perkins, and Sequoia Capital.
NYSE President: “This Could Open the Floodgates”
Lynn Martin, NYSE President, was optimistic about what Figma’s success means for the wider market. Speaking on Squawk on the Street, she said, “The demand we saw in Figma’s order book shows that the IPO market is ready to roar back to life.”
With Figma ranking 45th on CNBC’s 2025 Disruptor 50 list, its public debut might be just the start of a broader tech IPO wave.
Stay tuned to Maple Wire for more market-moving updates and tech breakthroughs.
