A Battle in the Boardroom: Figma Rises Above Early Valuations with an IPO Range Set to Heat Up the 2025 Market

Boasting everything from cutting-edge design software to a rockstar CEO, Figma has finally revealed its cards for a hotly anticipated initial public offering. Priced at $25 to $28 per share, this move could value the tech company anywhere from $14.6 billion to a whopping $16.4 billion. These figures are comfortably above its $12.5 billion valuation from last year’s tender offer.

While these numbers may sound impressive, it’s worth noting that the company was previously in talks with Adobe, who had laid plans to acquire it for $20 billion. The deal fell through in 2023, and the rest, as they say, is history. The newly announced price range speaks to the fierce independence and fearless strategy of Figma.

Following this ambitious IPO, Fortune may smile upon Figma and crown it as the third largest debut of the year, right behind CoreWeave and Circle. This could potentially create a much-needed jolt in the IPO market for 2025, which has been stuck in a slower gear than venture capitalists would like.

In 2022, the dynamic duo of Figma co-founder and CEO Dylan Field, and TechCrunch Enterprise Reporter Ron Miller, raised eyebrows and heart rates onstage at TechCrunch Disrupt in San Francisco. Fast forward to the present, and the powerhouse pairing is at it again. As they gear up together for Figma’s entry into the stock market, the world watches on with bated breath - warmed by the potential promise of a resurgent IPO market.