Figma is open for trading with the initial price around $85. The price has been halted at $93.50.
Figma’s IPO was priced at $33 per share, raising approximately $1.2 billion and giving the company a valuation of $19.3 billion. This brings it nearly in line with the $20 billion valuation from Adobe’s failed acquisition attempt. There was a near 40:1 oversubscribed offering. The run rate for revenues this year is $1B with thoughts of $1.5B next year.
Figma is a cloud-based design platform that enables real-time collaboration for UI/UX design, prototyping, and developer handoff. Its core tools include Figma Design, FigJam (for whiteboarding and brainstorming), and Dev Mode, which bridges the gap between design and engineering by exposing code-ready elements. The platform is widely used by designers, product teams, and developers to streamline the digital design workflow without the need for software installation
At $85-$90, that puts the market capitalization at around $50-55 billion.That is about 30X next years projected sales.
For comparison:
Public Companies (~$55B–$65B Market Cap)
Workday (WDAY): A leader in cloud-based human resources and financial software, widely used by enterprises.
TE Connectivity (TEL): Specializes in electronic components and connectivity solutions with industrial and tech applications.
CoreWeave (CRWV): A fast-growing cloud infrastructure company focused on GPU-based computing for AI and machine learning.
Private Companies (~$60B–$62B Valuation)
Databricks: A top enterprise data platform combining cloud analytics, AI, and big data tools used by Fortune 500 companies.
Anthropic: A major player in generative AI, developing large language models and competing directly with firms like OpenAI.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about figma ipo opens around 90 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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