Figma, design software maker, files for IPO after scrapping merger, plans to list on NYSE.

From Yahoo Finance: 2025-07-01 17:46:00

Figma, a design software maker, filed for an initial public offering after scrapping a $20 billion merger with Adobe. The company plans to list on the NYSE under ticker symbol “FIG” and did not disclose the number of shares or price for the IPO. Figma reported first-quarter net income of $44.9 million and revenue of $228.2 million, with a valuation of $12.5 billion in a previous tender offer. The IPO proceeds will be used to pay down debt, for working capital, and potentially for acquisitions. Figma’s launch follows a trend of successful tech IPOs, including Circle and eToro.



Read more at Yahoo Finance: Design Platform Figma Files for IPO as Market for New Tech Listings Warms