Figma Successfully Conducted IPO and Became a Company Worth $45 Billion

• Figma conducted its IPO with a market capitalization of $45 billion.
• The company reported revenues for the last year, earning $749 million.
• Dylan Field holds 74% of the voting shares in the company after the IPO.

Figma, an American startup in the design sector, successfully conducted its initial public offering (IPO) on the New York Stock Exchange on Thursday, July 31, 2025. The value of the company's shares increased to $101-$112, which resulted in a market capitalization of $45 billion.

This event occurred after the company announced in January 2024 that it had entered into an agreement with Adobe for $20 billion. The agreement noted a breach due to antitrust issues, which forced the founder and CEO of Figma, Dylan Field, to reconsider the company's strategy. He lowered the internal valuation of the company to $10 billion and promised employees exit packages.

Over the next 18 months, Figma aims to increase its revenues, having earned $749 million in 2024, particularly due to new products and tools in the design and artificial intelligence sectors. In the first quarter of 2025, the company already earned $228.2 million, which is 46% more than in the same period last year.

Field, whose stake in the company is currently valued at $1.3 billion, retains significant control over the company, holding 74% of the voting shares. Meanwhile, his former partner, Evan Ulles, who left the company in 2021, also saw a significant increase in the value of his shares, although part of them was donated to charity.

Figma's IPO has become an important moment in the revived company and a signal for investors that startups can successfully enter the market even after setbacks. Several venture firms that supported Figma now have shares worth nearly $6 billion.

Tags: Economy/Technology