If you thought designers were the only ones obsessed with Figma, think again. Investors just turned this into a full-blown feeding frenzy. Figma, the beloved design tool that powers every startup mood board and product mockup, goes public today on the New York Stock Exchange, and it has already broken hearts and charts. The IPO was 40 times oversubscribed. Translation: for every share available, there were forty hopeful hands in the air. Not even Beyoncé tickets sell out this fast.
So yeah, Figma knew its worth. It bumped up its expected price twice in one week and finally landed at $33 per share, raising a cool $1.2 billion. And here is the kicker: most of that cash is going to existing shareholders, including CEO and co-founder Dylan Field. Talk about a well-earned exit.
Related: Figma Sets $16.4 billion Valuation in IPO Bid, Marking A Tech Market Rebound.
At $33 a share, the company is now valued at $19.3 billion, just a hair under the $20 billion Adobe nearly paid for it before that deal was axed by regulators in 2023. (Remember that? The EU and U.S. said, “Nah, too much creative power in one basket.”)
This IPO is a major moment, not just for Figma, but for the whole startup scene. It signals that the tech IPO window isn’t just creaking open… It’s swinging wide. And Figma’s not walking through it quietly. It’s strutting.
Figma did not just go public; it walked onto the NYSE like it owned the runway. Now the real question is: will the design darling keep serving growth, or is Wall Street just caught in the hype glow?
