By Key Points
- Figma files for IPO, will trade under the ticker “FIG”
- Revenue jumps 46% YoY, hitting $228.2 million
- Deep AI investment planned, may impact short-term efficiency
- Adobe’s $20B acquisition bid was scrapped in 2023
The Figma IPO is officially in motion, marking a huge milestone for the collaborative design platform that almost got snapped up by Adobe in a $20 billion deal.
After the acquisition fell apart due to antitrust concerns from regulators in the UK and EU, Figma has taken the route many successful startups eventually consider: going public.
Figma will soon begin trading on the New York Stock Exchange under the symbol “FIG”, signaling its arrival as a standalone powerhouse in the design tech space.
Figma S-1 just dropped. Based on revenue growth of 45% and a FCF margin in excess of 40% this IPO will likely be priced higher than 30x revenue and up to 80x ($PLTR).
IPO market is back baby! pic.twitter.com/3MKStcAA3i
— Scott Willis (@ScottW_Grizzle) July 1, 2025
CEO Dylan Field has been transparent about Figma’s journey. In a 2024 interview, he said, “There are two paths that venture-funded startups go down. You either get acquired or you go public.
And we explored thoroughly the acquisition route.” That exploration ended in 2023 when Adobe was forced to walk away, and Figma began preparing for its next chapter.
The company confidentially filed for an IPO in April, and the new filing reveals strong financial momentum. Revenue surged to $228.2 million, up from $156.2 million during the same period last year—a 46% year-over-year increase. This growth has been fueled by aggressive feature expansion and broader market adoption.
Design app Figma just filed to go public
Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC pic.twitter.com/Bd7Pf4Nrcs
— db (@tier10k) July 1, 2025
In 2025, Figma went beyond just interface design. It now offers tools for website building, branded marketing design, AI-based coding support, and even digital illustration.
These updates have widened Figma’s user base and positioned it as a serious competitor across the creative tech stack. Interestingly, this comes at a time when AI tools like Google Gemini in Sheets are rapidly transforming productivity software.
AI Takes Center Stage in Figma’s Vision
Figma’s IPO filing makes one thing clear: AI is at the center of its future.
“We’re already investing heavily in AI and we plan to double down even more in this area,” said Dylan Field. The company has begun allowing AI models to access its design servers, enabling faster and more efficient code generation, design suggestions, and automation of repetitive tasks.
This shift toward AI isn’t just experimental—it’s foundational. Field acknowledged that AI spending may reduce operational efficiency in the short term, but he’s betting that these investments will position Figma to lead the next wave of design innovation.
According to @CNBC, Figma just filed to go public through an IPO on the NYSE under the ticker $FIG.
Figma is primarily known as a collaborative interface design tool, widely used for creating websites and mobile apps.
Back in 2022 Adobe $ADBE wanted to buy the company for $20… pic.twitter.com/wcAiCRNnkH
— The Dutch Investors 🦁 (@DutchInvestors) July 1, 2025
From auto-generating layouts to streamlining team collaboration, Figma wants AI to make design smarter, not harder. And in a competitive market where tools like Adobe XD and Sketch are also evolving, this focus on AI could become Figma’s biggest edge.
The tech industry is full of companies prioritizing AI as a long-term growth lever, similar to how NVIDIA is positioning its RTX 5050 GPU to power the next generation of AI computing, and Figma is using AI to redefine creative workflows.
With the tech sector rapidly moving toward intelligent tools, Figma’s early and aggressive move could help it become a category-defining platform.
$FIG Figma files for IPO, set to trade under FIG ticker pic.twitter.com/mHPFZg6q9r
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) July 1, 2025
What the Figma IPO Means for the Design Industry
The Figma IPO doesn’t just mark a business milestone—it signals a shift for the entire design and collaboration space.
By choosing to remain independent and go public, Figma is sending a message: it believes in building a long-term, AI-powered ecosystem rather than becoming part of a larger corporate machine. That’s a big deal in a space where acquisitions often stifle innovation.
Investors will likely pay close attention to Figma’s ability to maintain its developer-first culture and design community appeal while scaling. Going public also gives the company access to more capital, which it plans to pour into R&D, AI tools, and international expansion.
For designers, developers, and tech teams, the IPO could lead to even faster product updates, more integrations, and tools that better bridge the gap between design and code.
With Figma’s move into areas like branded marketing and website building, its platform could become a full-stack creative suite shortly.
The growing demand for smarter, AI-enhanced tools can also be seen in hardware and accessories. Take Apple’s innovation with the MagSafe Wallet Tracker—these kinds of features show how even everyday tools are evolving with intelligence, and Figma is clearly taking the same approach with design software.
Meanwhile, consumer tech as a whole is facing major shifts—from CarPlay Ultra shaking the auto industry to sudden software crashes like the Windows Blue Screen of Death disrupting workflows. In such a fast-changing environment, Figma’s forward-looking strategy puts it in a strong position to thrive.
As it prepares to go public, Figma isn’t just scaling up—it’s transforming the way teams design, code, and collaborate in real time.
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