Home / Business and Economy / Figma Soars in IPO Debut, Defying $20B Adobe Deal Collapse
Figma Soars in IPO Debut, Defying $20B Adobe Deal Collapse
31 Jul
Summary
- Figma prices IPO at $33, above proposed range of $30-$32
- IPO values design software company at $19.34 billion
- Listing signals recovery in IPO market after 3-year dry spell
On July 31, 2025, design software maker Figma made a strong debut on the New York Stock Exchange, with its shares indicated to open at more than double their IPO price. The company priced its IPO at $33 per share, above the proposed range of $30-$32, securing a valuation of $19.34 billion.
The Figma IPO is seen as a bellwether event for the tech sector, as the U.S. IPO market has bounced back after a period of volatility. The listing comes after a now-abandoned $20 billion buyout deal with industry giant Adobe in December 2023. Figma's successful IPO signals a recovery in the IPO market, which had experienced a nearly three-year dry spell.
Figma's collaborative design software is used by companies like Netflix, Airbnb, and Duolingo. The company has been racing to integrate generative AI tools to automate tasks and stay competitive in the design software market. Investors have shown strong interest in Figma's IPO, as well as other high-growth and AI-focused tech firms, fueling optimism around new offerings in the sector.
