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Design software manufacturer Figma started with shares indicated to open more than its triple Initial public offer (IPO) Overseers with value, deal.
Fig CEO Dialon Field Co-established the firm and served as CEO since 2012, became the chairman of the board of directors in April 2025.
With a biography of the company of the areas included in a regulator filing Securities and Exchange Commission (SEC) Noted that he attended Brown University for 2½ years, before he accepted a theal fellowship from investor Peter Theal Foundation to pursue entrepreneurial projects.
Field received a grant of $ 100,000 through the Theal Fellowship which was air -conditioned on it leaving school For at least two years to do full -time work on the company, which he established in 2012. He was out of brown, where he was studying mathematics and computer science, to accept the grant and pursue his work on Figma.
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Figma Inc. On Thursday, July 31, 2025 at the New York Stock Exchange, signage during the company’s initial public offering. (Michael Nagle / Bloomberg Getty Image / Getty Image)
Fig will begin On the New York Stock Exchange, and if the stock begins trading within a range of $ 95 to $ 100 per share on NYSE, as indicated in early Thursday, it could probably give the company a price of about $ 59 billion. The company gave its IPO a price of $ 33 per share.
With Adobe falling in December 2023, it will be more than a purchase deal of $ 20 billion so far. It comes amidst strong investor interest in recent technical IPOs, which has inspired optimism around high-development and new prasad from AI-centric firms.
FigMA collaborative design creates software that is used to manufacture websites, apps and digital products. Some of its customers include veteran Netflix, travel lodging firm AirBNB and language learning app Duoolingo streaming.
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The Figma Inc., the co-founder and CEO Dylan Field of the Center, rings the opening bell on the floor of the New York Stock Exchange on 31 July 2025 during the company’s initial public offering. (Michael Nagle / Bloomberg Getty Image / Getty Image)
As the company is public, the Field Figma will remain the CEO and Chairman of the Board.
“We believe that Mr. Field is eligible to serve as a member of our board of directors, as he brings to our board of directors as our co-founder, Chief Executive Officer and Chairman due to his operating expertise, industry knowledge, leadership and continuity,” the company wrote.
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Figma is a design software platform that completes people with a variety of skill levels. (Gabby Jones / Bloomberg Getty Image / Getty Image)
The Silicon Valley Venture Capital firm, including Clener Perkins and Seawia, is one of the major backers of Figma.
The company referred to intensive competition in design software space, especially between rapid adoption Artificial intelligenceWhich can act as a headwind that affects its market share.
CFO Praveer Melwani said in an IPO filing, “We have embedded different tastes of AI – both to reduce the floor (and) allow more people to participate in the design process – while also enhance the roof for individuals for companies, which they are making.”
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The head of the IPO is Morgan Stanley, Goldman Sachs, Alan & Co. and JP Morgan.
Reuters contributed to this report.
