Figma’s IPO price hit a $19.3B valuation out of the gate

Figma is set to make its debut on the New York Stock Exchange this Thursday, marking one of the most eagerly awaited IPOs of 2025. Reports from TechCrunch and Bloomberg indicate that the IPO is a staggering 40 times oversubscribed, highlighting the immense demand for shares, which far surpasses the number of available shares offered by Figma and its current investors. In light of this overwhelming interest, Figma has priced its initial share offering at $33 each, exceeding its earlier projected range. Previously, the company had estimated the share price between $30 and $32, which was already a revision from an earlier range of $25 to $28. With the finalized price set at $33, the IPO is expected to generate $1.2 billion, with the majority of this capital benefiting existing shareholders, including founder and CEO Dylan Field, who are selling a significantly higher number of shares than the company itself. This IPO valuation places Figma at an impressive $19.3 billion, edging close to the $20 billion price Adobe was prepared to pay before its acquisition bid for Figma collapsed in 2023 due to regulatory scrutiny. The excitement surrounding this offering is palpable, as investors and industry experts alike keep a close watch on the unfolding events.