Figma IPO Surges, Valuation Nears $50 Billion

Figma, a collaborative design software company, debuted on the New York Stock Exchange in 2025, with shares surging over 250% from a $33 IPO price to close above $117, giving the company a valuation near $50 billion—more than double Adobe's terminated $20 billion acquisition offer, which was blocked by regulators in 2023. The IPO raised $1.2 billion and was reportedly 40 times oversubscribed, highlighting strong investor demand. CEO Dylan Field, now a billionaire, emphasized Figma's commitment to innovation, generative AI, and growth for its 13 million users, including major clients like Amazon, Google, and Netflix. The IPO is viewed as a sign of revival in the tech IPO market, following other successful listings from companies such as Circle and CoreWeave. Figma's focus on AI-driven design tools positions it for continued growth amid digital and AI trends. Field and Figma's leadership retain substantial voting power, ensuring strategic control post-IPO.