Figma is slated to begin trading on the New York Stock Exchange this Thursday, marking one of the most eagerly awaited public offerings of 2025. The company’s IPO has seen overwhelming interest, reportedly being oversubscribed by a factor of 40 meaning investor demand is 40 times higher than the number of shares available for sale.
Given the intense interest, Figma has priced its shares at $33 each, exceeding the most recent projected price range. Earlier this week, the company had raised its estimate to $30–$32 per share, which was already up from the initial target range of $25–$28.
With this final pricing, the IPO is expected to raise around $1.2 billion. However, a large portion of the proceeds will go to existing shareholders, including CEO and co-founder Dylan Field, who are offloading about twice as many shares as the company itself is issuing.
This pricing places Figma’s valuation at approximately $19.3 billion nearly matching the $20 billion figure from Adobe’s proposed acquisition, which was ultimately abandoned in 2023 due to regulatory challenges.
Source: Techcrunch
