Figma’s public listing on July 31 was one of the biggest IPOs of the year. The design software company priced shares at $33 and closed its first day of trading at $115.50, ending with a market capitalization near $68 billion. It raised $1.22 billion, making it the largest venture-backed software IPO since 2021.
The company had initially been positioned for acquisition in 2022, when Adobe offered $20 billion before the deal was blocked by regulators. After the collapse of that transaction, Figma focused on strengthening its enterprise narrative and integrating AI into its product suite. “They had so many case studies of their large enterprise clients saving lots of time and money because of the AI tools that they've built into their products,” one investor familiar with the company
The IPO Market Is Open Again
- By Anshika Mathews
- Published on
That renewed attention has translated into broader IPO activity across AI, fintech, crypto infrastructure, and enterprise SaaS.
