Figma made an explosive debut on the New York Stock Exchange on July 31, 2025, with shares surging from an IPO price of $33 to over $115.50, resulting in a market capitalization of nearly $70 billion — far surpassing the previously reported $20 billion Adobe acquisition offer.
First-Day Performance & Valuation Milestones
- The IPO raised approximately $1.2 billion, pricing shares at $33. Early trading saw valuations ranging from $50 billion to $70 billion, depending on intraday stock movement.
- Figma’s valuation briefly touched $68 billion to $70 billion, driven by a roughly 250% increase in share price on debut.
So while reports citing an $83 billion valuation appear in some secondary sources, market data from multiple outlets confirm a valuation closer to $70 billion at close of the first trading day.
Financials & Business Highlights
- In Q1 2025, Figma posted $228 million in revenue, up 46% year-over-year. It also earned $45 million in net income, though it reported a $732 million loss in 2024 due to stock compensation and other adjustments.
- The failed $20 billion acquisition by Adobe in 2022 ultimately benefitted Figma with a $1 billion breakup fee, which boosted its financial position ahead of the IPO.
- Founder Dylan Field retains control via super-voting shares. Early investors like Index Ventures, Greylock Partners, Sequoia Capital, and Kleiner Perkins saw enormous windfalls—Index stake valued at ~$7.2 billion post-IPO.
Broader Significance: Tech & IPO Market Impacts
- Figma’s IPO is widely seen as a bellwether moment for reviving VC-backed tech listings in the U.S., ending a years-long IPO slump. The firm’s strong first-day performance reflects deep appetite for high-growth SaaS and AI-adjacent companies. The Economic Times
- With its rapid adoption in design workflows, Figma is considered almost monopolistic in UI/UX tools, cementing its position as a key SaaS platform for enterprise creative teams.
✅ Summary Table
| Metric | Detail |
|---|---|
| IPO Price | $33 per share |
| First-Day Close Price | $115.50 per share |
| Market Capitalization | ~$70 billion (at close of debut trading) |
| Revenue in Q1 2025 | $228 million (+46% YoY) |
| Net Income in Q1 2025 | $45 million |
| Early Stakeholder Returns | Index Ventures: ~$7.2B; Sequoia, Greylock & Kleiner: multi‑billion holdings |
🌐 Clarifying the $83 Billion Claim
Some reports mention an $83 billion Figma valuation, but public financial reporting confirms that by market close, the company’s capitalization was around $70 billion, not $83 billion. Valuation estimates often vary depending on intraday pricing fluctuations—but the widely cited figure remains closer to $68–70 billion.
