Figma IPO Countdown: It’s Time to Go Public

Explore opportunities to invest in the Figma IPO. The IPO date is expected in late July or early August. Figma filed for an IPO on Tuesday, July 1st. The stock symbol will be “FIG” and Figma will trade on the NYSE. 

Fidelity, Robinhood, TradeStation, Webull, and SoFi Invest are the most likely brokers to provide IPO access. 

Invest in pre-IPO startups like Canva, OpenAI, and Databricks via the Fundrise Innovation Fund. All U.S.-based investors 18+ can start investing with as little as $10.

Notable Figma News

07/01/2025: Figma Files for an IPO; Read the S-1
05/12/2025: Morgan Stanley Is Leading the Figma IPO
04/15/2025: Figma has confidentially submitted a draft S-1
03/07/2025: Figma in Talks to Explore an IPO This Year
Older news…

About Figma

Figma is a software platform for collaborative design and application development. The business is a software-as-a-service (SaaS) model, providing users with web-based tools for a recurring fee. 

Founded by Brown University students Dylan Field and Evan Wallace in 2012, Figma empowers remote collaborative user-interface design and whiteboarding.

The company inked a deal to be acquired by Adobe in September 2022. But the companies decided to end their merger in December 2023 due to regulatory roadblocks. Regulators perceived the deal as anti-competitive due to similarities to the Adobe XD product. 

Now that Figma is operating as an independent company, we’re watching its next moves, which could include a new private funding round, fresh acquisition suitor, or Figma IPO. 

IPO Terms

• IPO Date: TBD – What time do IPOs start trading?
• Stock Symbol: “FIG”
• Exchange: NYSE
• Offering: TBD
• Raise: TBD
• Initial Price Range: TBD
• IPO Valuation: TBD
• Lead Underwriters: Morgan Stanley, Goldman Sachs

Figma S-1 Filing

Read the latest S-1 filing on the SEC website. 

Ownership

Figma is a venture-backed startup. Since the early days, Figma has exchanged company equity for cash to help it develop the platform and grow.

Startups do this when they don’t have enough capital to self-fund. 

Figma’s founders and employees own a portion of the company, as do several well-known venture capital firms and investors. 

The Figma investor list includes Index Ventures, Andreessen Horowitz, Greylock, Kleiner Perkins, Sequoia, Durable Capital, Haystack, Founders Fund, ICONIQ, Morgan Stanley’s Counterpoint Global, Adam Nash (LinkedIn), Mike Krieger (Instagram), Jeff Weiner (LinkedIn), and Soleio ​Cuervo (Facebook).

Funding Rounds

Valuation

The latest confirmed Figma valuation is $12.5 billion based on the May 2024 tender offer that allowed employees to liquidate shares after the Adobe breakup. 

The Adobe acquisition price would have been $20 billion. Before the takeover bid, the Figma valuation was $10 billion, established at the end of its Series E funding round in June 2021.

As of June 2025, secondary marketplace platforms Caplight and Hiive estimate the valuation at about $20 billion. 

Adobe investors were unreceptive to the September 2022 deal at first, but the stock recovered over the following months.

When the deal fell through at the end of 2023 due to regulatory hurdles, investors reacted mildly, indicating they were comfortable with the valuation. 

We won’t get a fresh valuation estimate until Figma raises new private funds, leaks a private valuation to the press, or files for an IPO. 

IPO Potential

The Figma IPO date is likely to happen by the end of July or early August, 2025.

The company filed for an IPO on July 1st, 2025, after submitting its draft S-1 to the SEC around April 15th. 

Figma abandoned its plans to be acquired by Adobe in December 2023. IPO preparations were likely not a consideration as it was preparing for an acquisition.

After abandoning the acquisition, Figma continued as a privately held independent company. Shortly after, it started making preparations for an IPO. 

Plaid experienced a similar acquisition failure in its deal with Visa but has recovered more slowly. I thought Figma would have a similar bruise. 

Instead, all signs point to a forthcoming IPO as early as the second half of 2025. 

How to Buy Figma Stock

Now that Figma and Adobe have abandoned their merger plans, investment opportunities have become available pre-IPO investment platforms. But not abundantly. 

In the meantime, investors can use the following outline to explore potential ways to buy Figma stock into the IPO and afterward.

1. Participate in the Figma IPO through a broker

Figma may IPO in the next 6-12 months. 

Those interested in investing in a future IPO can look to online brokers offering free IPO investing to retail investors.

Here’s a list of the top brokers for IPO investing. 

Large brokers such as Fidelity sometimes receive IPO shares but often distribute them to their wealthiest clients. 

However, brokers such as the following sometimes offer retail investors the chance to acquire IPO shares: 

• TradeStation
• Robinhood 
• Webull

If your broker offers IPO access, join the email and text alerts for upcoming IPOs. There are no guarantees you’ll receive shares, but shares may be worth pursuing for some deals. 

The Figma IPO could reach a $20 billion valuation or more. This suggests enough shares may be available for retail access. 

2. Access shares via pre-IPO investing platforms

Figma private direct investment or SPV shares may become available if early investors or employees want to cash out. Stock owners are likely frustrated they didn’t get the payout from the merger. 

Though the company provided a liquidity event for employees in May 2024, a few platforms have evolved to allow individual stockholders to liquidate holdings before the IPO. 

Notable pre-IPO exchanges include EquityZen, Forge Global, Hiive, and Equitybee.

Monitor these platforms for Figma share availability.

The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).

Check out our list of the best pre-IPO investing platforms for current platforms that may have shares available.

Another option may be a venture capital fund such as the Fundrise Innovation Fund.

Fundrise purchased a $6.2 million stake in Figma competitor Canva in September 2023; however, it does not hold a stake in Figma.

All U.S.-based investors can own a small piece of Canva stock through the Fund for a minimum investment of $10. Non-accredited investors are welcome. 

Read my Fundrise Innovation Fund review to learn more about the pre-IPO portfolio. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

3. Buy Figma after the IPO

Waiting for an IPO requires patience but offers advantages.

First, it allows investors to analyze multiple quarters of financials and company performance. 

Second, IPO stocks tend to rise with high-demand companies, presenting an opportunity for IPO investors to benefit from the surge. 

But if you can’t get access, waiting may be better.

Many IPOs experience an initial price increase (“the pop”), followed by a decline after quarterly earnings reports.

Post-IPO declines can serve as excellent entry points for long-term investors. 

Caution is advised against buying overvalued shares immediately after the IPO, as prices often fall due to lock-up expirations and quarterly earnings disappointments.

Despite short-term fluctuations, disruptive companies tend to show higher value in the long run, rewarding patience.

Frequently Asked Questions (FAQs)

Is Figma Publicly Traded?

Not yet. Figma is a private company. But it plans to go public in July or August of 2025. 

What is the Figma Stock Price?

Figma is not publicly traded yet, so there is no public Figma stock price. 

However, we can look to secondary marketplaces for recent transactions to get an estimated stock price. 

As of July 2025, the estimated pre-IPO Figma stock price is around $37 per share, according to Caplight. The IPO will likely be near that value if underwriters maintain the current share structure. 

What is the Figma Stock Symbol?

The Figma stock symbol will be “FIG”. 

Figma News Archive

05/16/2024: Figma deal allows employees to sell shares
02/08/2024: NYT: A Start-Up Picks Up the Pieces
01/23/2024: Figma to boost employee equity packages
01/05/2024: InVision is shutting down in the era of Figma
12/18/2023: Figma and Adobe abandon merger
09/15/2022: A new collaboration with Adobe
06/24/2021: Figma’s Series E
04/30/2020: Figma Eyes Acquisitions, New Tools With $50 Million In Fresh Funding
04/20/2020: Figma’s Series D round
02/14/2019: Figma raises $40MM Series C round led by Sequoia
02/01/2018: Figma raises $25M Series B
12/03/2015: Design Collaboration Tool Figma Launches With $14M To Fight Adobe
06/26/2013: 21-Year-Old Thiel Fellow Raises $3.8 Million For Figma

Conclusion

Investors get excited when they identify companies riding extraordinary macroeconomic trends (productivity, collaboration, and SaaS). This can lead us to private companies positioning to profit from massive opportunities. 

Buying the stock early on can often prove difficult for retail investors.

Figma’s availability is limited due to the recent abandonment of the Adobe acquisition. The new status quo may open new opportunities in the coming year. 

Retail investors can invest in a similar company, Canva, via the Fundrise Innovation Fund.

The minimum to invest is $10, and all U.S.-based investors 18+ are welcome. But we have yet to see Figma availability in pre-IPO venture capital funds available to non-accredited investors. 

If the Figma IPO is on your acquisition list, good luck. Invest in pre-IPO and IPO companies with caution.

Read more: Top SaaS Startups

Craig Stephens

Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.

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