Figma Targets Wall Street Debut After $20 Billion Adobe Deal Collapse

Figma Inc. has filed for an initial public offering, aiming to list its Class A common stock on the New York Stock Exchange under the symbol “FIG,” marking a significant step for the San Francisco-based design platform.

What Happened: The company, known for its collaborative browser-based tools used by major clients such as Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Salesforce Inc. (NYSE:CRM), reported robust financial growth ahead of its public debut.

For the year ended December 31, 2024, Figma posted revenue of $749 million, a 48% increase year-over-year, and for the first quarter of 2025, revenue reached $228.2 million, up 46% from the prior year period. The company's compounded annual revenue growth rate over four years stands at 53%.

Figma's net income swung from $737.8 million in ...