Figma, the popular cloud-based design and prototyping platform, is reportedly preparing to go public in one of the most anticipated tech IPOs of the year. Sources close to the company suggest that the initial public offering could value the company at a whopping $16 billion, signaling a major leap forward for the collaborative design software space.
Founded in 2012, Figma gained popularity among designers and developers for its seamless, web-based interface that enables real-time collaboration — something legacy tools like Adobe XD and Sketch struggled to replicate. The company’s growth accelerated rapidly during the remote work boom of 2020–2022 and has continued to rise as demand for cloud-native creative tools soared.
The IPO buzz comes after Adobe’s failed $20 billion acquisition attempt in 2023, which was blocked by regulators citing antitrust concerns. Rather than slowing Figma down, that decision seems to have reignited its momentum. Investors are now eagerly watching to see how Figma positions itself as a public company — especially in a tech market that’s increasingly hungry for profitable SaaS models.
Analysts expect Figma to list on the NASDAQ, possibly under the ticker symbol FIGM, though no official confirmation has been made. The company is reportedly working with Goldman Sachs and Morgan Stanley as lead underwriters.
If successful, the IPO will be a major validation of Figma’s independent path and could set the tone for other late-stage startups navigating the post-pandemic tech landscape.
