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Figma Announces Increase in IPO Price Range | Figma Blog (opens in new tab)

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Figma announced an increased expected price range of $30–$32 per share for its proposed initial public offering. The company has amended its Form S-1 registration statement and plans to list Class A common stock on the New York Stock Exchange under “FIG.” The announcement follows the launch of Figma’s IPO roadshow.

Updated IPO Terms

  • Figma plans to offer 12,472,657 shares of Class A common stock.
  • Existing stockholders plan to sell an additional 24,464,423 shares.
  • Selling stockholders may grant underwriters a 30-day option to purchase up to 5,540,561 additional shares to cover over-allotments.
  • Figma will not receive proceeds from shares sold by existing stockholders.

Underwriters

  • Joint lead book-running managers:
    • Morgan Stanley
    • Goldman Sachs
    • Allen & Company
    • J.P. Morgan
  • Additional book-running managers include BofA Securities, Wells Fargo Securities, and RBC Capital Markets.
  • William Blair and Wolfe | Nomura Alliance will serve as co-managers.

Regulatory Status

  • The offering is being made through a preliminary prospectus.
  • Figma’s registration statement has been filed with the SEC but is not yet effective.
  • Shares cannot be sold, and purchase offers cannot be accepted, until the registration statement becomes effective and applicable securities-law requirements are satisfied.

About Figma

  • Founded in 2012, Figma describes itself as an AI-powered platform for collaborative product development.
  • Its product supports the full workflow from ideation and design through development and shipping.
  • The company emphasizes collaboration, efficiency, and keeping product teams aligned.

Figma’s revised price range signals increased expectations for its upcoming IPO, though the final offering price and completion of the listing remain subject to market conditions and regulatory approval.