Figma is headed to the public markets nearly two years after its $20 billion sale to Adobe fell apart under regulatory scrutiny. The design software company filed its S-1 on Tuesday, disclosing strong revenue growth, a profitable business model (minus one-time stock-based compensation costs), and a sharp focus on artificial intelligence as both a competitive moat and operational risk.
The San Francisco-based company will list on the New York Stock Exchange under the ticker “FIG,” aiming to raise up to $1.5 billion in what could become one of the largest tech IPOs of the year. While pricing details and number of shares remain undisclosed, Figma is entering the market with momentum. Its 2024 revenue hit $749 million, up 48% from 2023. In the first quarter of 2025, revenue climbed anot
Figma Files for IPO After Adobe Deal Collapse, With AI and Founder Control
- By Anshika Mathews
- Published on
Figma’s IPO is happening against the backdrop of a failed megadeal.
