Figma raises $1.2 billion in IPO amid failed merger with Adobe
- Figma raised $1.2 billion through its IPO, valued at $19.3 billion.
- The IPO followed a blocked merger attempt with Adobe that was valued at $20 billion.
- Figma's focus on artificial intelligence aims to enhance design workflows and expand its user base.
On July 31, 2025, in the United States, collaborative design firm Figma Inc. successfully completed its initial public offering, raising $1.2 billion by offering shares at a price of $33 each. This significant IPO has catapulted Figma's market valuation to $19.3 billion, making it one of the most notable offerings on Wall Street in recent times. Analysts view this IPO as a critical indicator of the value investors place on technology companies, a sentiment underscored by the high interest surrounding it. This IPO marks a turning point for Figma, especially following the recent failed acquisition attempt by Adobe, which had proposed to acquire the company for $20 billion. The merger was ultimately blocked by U.S. antitrust regulators at the end of 2023, which forced Figma to consider other avenues for growth. The current market dynamics signal a positive shift for Figma, as a mere 4% rise in share price post-IPO could lead to a market value surpassing the acquisition offer from Adobe. Figma’s CEO, Dylan Field, expressed the firm’s commitment to investing significantly in artificial intelligence (AI) as a means to bolster future growth. He indicated that while investments in AI may initially hinder operational efficiency, its potential to transform design workflows is immeasurable. In his remarks, Field expressed optimism about AI’s ability to empower more individuals in the design process and foster a broader talent pool. In terms of financial performance, Figma has shown promising results, reporting revenues of over $228 million in the first quarter of 2025 and $749 million for the entire year of 2024. The platform boasts over 13 million active users monthly, with a noteworthy two-thirds of those users being non-designers, indicating Figma’s expanding influence and utility beyond traditional design professionals. The company aims to not only grow through organic improvements but also through potential acquisitions in the ever-evolving tech landscape.