Figma aims for $16 billion valuation as IPO date and stock listing nears

Figma is targeting a valuation of $16.4 billion in its upcoming initial public offering, according to a new filing with the Securities and Exchange Commission (SEC). The collaborative design software maker—a rival to platforms like Adobe—plans to sell around 37 million shares priced between $25 and $28 each, which would generate up to $1 billion in proceeds and give the company a valuation between $14.6 billion and $16.4 billion. The targeted share price was disclosed in the company’s updated S-1 statement, filed with the SEC on Monday. Figma had previously entered an agreement with Adobe to be acquired in 2022, but regulators nixed that deal. It’s unclear when the listing will occur. A report from Bloomberg, citing an anonymous source, said shares are expected to be priced on July 30. Fast Company reached out to Figma for comment. Figma’s stock will trade on the New York Stock Exchange under the ticker “FIG.” It first filed paperwork with its intent to go public earlier this month. The company’s filings show a positive trajectory that investors might find enticing. Figma says it has 13 million active users, and that its products are used by 95% of the Fortune 500. Last year, it drove $749 million in revenue, an increase of 48% year-over-year, and its most recent quarterly sales numbers, for the first few months of 2025, were similarly up 46% year-over-year. Figma’s forthcoming IPO follows several other tech-focused listings in recent months, including market debuts for Circle and Chime. Figma was named one of Fast Company’s Most Innovative Companies of 2025.