IPO Report
Design-software company’s market cap tips the scales at more than $19 billion as the IPO priced at $33 a share to raise more than $1.2 billion for the company and shareholders
Last Updated: July 31, 2025 at 11:38 a.m. ET
First Published: July 30, 2025 at 7:58 p.m. ET
Design-software company Figma Inc. priced its initial public offering at $33 a share, above what Wall Street was expecting, in a sign of strong investor demand for what has been described by an analyst as a “bellwether event for the tech sector.”
That analyst, Derek Hernandez of PitchBook Data, also said Figma FIG stands out from other companies that have gone public recently as a “generational software-as-a-service company that has achieved a near-monopolistic hold on the product design market.”
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