What is Figma?
-Founded in 2012, Figma is a web-based collaborative design platform for UI/UX workflows.
- Seen across 95% of Fortune 500 companies and 78% of Forbes 2000.
IPO Roadshow
– On July 21, 2025, Figma launched its IPO roadshow, initially targeting $25–$28 per share.
– This is the largest VC-backed IPO in years, and only the fifth to raise over $1B in 2025.
– Positioned as an important litmus test for broader IPO revival
IPO oversubscribed nearly 40×, marking it as one of the largest U.S VC-backed tech listings in years.
– Reported $749M revenue in 2024, growing nearly 48% year-over-year.
– Quarterly net profit reported in Q1 2025 (~$45M), reversing past losses.
–
Figma’s strongest-ever public debut—priced above its range, massively oversubscribed, and with a near-$20B valuation—
positions it as a defining moment in 2025’s tech IPO resurgence.