Figma Announces $18B IPO With Auction-Style Pricing

Figma, a leading web-based interface design platform known for its real-time collaborative features, is making significant waves with its upcoming initial public offering (IPO). The company, which has seen rapid growth with over 4 million active monthly users and strong revenue figures, is leveraging an auction-style IPO model that emphasizes transparency and aligns pricing more closely with intrinsic value, a strategy that has gained traction with other tech companies like DoorDash and Airbnb. Valued between $17.6 billion and $18.8 billion based on its recent price range of $30 to $32 per share, Figma's IPO reflects robust investor confidence in high-growth SaaS and design technology sectors amid a recovering IPO market. The offering, scheduled for mid-2025, is expected to influence other large private software companies to pursue public listings, signaling a potential resurgence in tech IPO activity. Figma's growth is further fueled by the rise in demand for collaborative design tools driven by remote work trends, positioning it as a strong competitor against established players like Adobe and Sketch. Market analysts anticipate that Figma's successful public debut could pave the way for increased investor interest in innovative design-driven technology companies.