Figma Raises IPO Price Range Ahead of NYSE Listing

Figma has updated the expected price range for its proposed initial public offering, increasing it to between $30 and $32 per share. The announcement follows the launch of the company's roadshow last week and comes as Figma prepares to list its Class A common stock on the New York Stock Exchange under the ticker symbol "FIG."

The company has filed an amended registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with the offering.

Offering Details

The proposed offering will consist of 12,472,657 shares of Class A common stock sold by Figma, plus an additional 24,464,423 shares offered by certain existing stockholders. The selling stockholders have also granted underwriters a 30-day option to purchase up to 5,540,561 additional shares to cover over-allotments at the IPO price, less underwriting discounts and commissions. Figma will not receive any proceeds from shares sold by the selling stockholders.

Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan are serving as joint lead book-running managers. BofA Securities, Wells Fargo Securities, and RBC Capital Markets are acting as book-running managers, with William Blair and Wolfe | Nomura Alliance as co-managers.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus can be requested from the joint lead book-running managers at the following contacts:

  • Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or [email protected]
  • Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, by phone at (866) 471-2526 or [email protected]
  • Allen & Company LLC, Prospectus Department, 711 Fifth Avenue, 9th Floor, New York, New York 10022, by phone at (212) 339-2220 or [email protected]
  • J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or [email protected] and [email protected]

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold, and offers to buy may not be accepted, until the registration statement becomes effective. This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities, and no sale will occur in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws.

About Figma

Founded in 2012, Figma has grown from a collaborative design tool into an AI-powered platform for digital product development. The company describes its mission as helping teams move from idea to shipped product, covering the full arc of ideation, design, building, and release while keeping workflow collaborative and aligned.