Figma, a leading developer of cloud solutions for designers, has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to conduct an initial public offering (IPO) on the New York Stock Exchange. The expected market capitalization of the company after the IPO could exceed $16.5 billion.
This is reported by Business • Media
Investments in Crypto Assets and Plans for Blockchain Stocks
In its application, Figma reports investments in a Bitcoin ETF amounting to approximately $70 million, which constitutes 4.5% of the company’s total cash and securities portfolio. Management emphasizes its intention to increase the share of cryptocurrency assets in the coming months and is also considering the implementation of blockchain common stock. Thus, Figma could become one of the first technology companies to introduce tokenized securities for a wide range of investors.
“Figma has investments in a Bitcoin ETF worth about $70 million and plans to increase its cryptocurrency exposure in the coming months.”
IPO Terms and Personnel Changes
Figma and its investors plan to offer approximately 40 million shares in a range of $25–$28 each. If the offering occurs at the upper price limit, the company could raise over $1 billion. The total valuation of Figma, including options and additional shares, will reach approximately $16.5 billion.
The new board of directors will include two prominent figures: Mike Krieger — co-founder of Instagram and current representative of Anthropic, and Luis von Ahn — co-founder of the educational platform Duolingo. Their experience in scaling digital products globally is considered invaluable for the further development of Figma.
After the IPO, Dylan Field, co-founder and CEO of the company, will remain in control of Figma thanks to shares with decisive voting rights. Among the leading underwriters are Morgan Stanley, Goldman Sachs, Allen & Company, and JPMorgan.
In July 2025, similar IPO applications were also submitted by the investment firm Grayscale Investments and the custodian BitGo. Additionally, the fintech company Figure Technology Solutions announced its intention to conduct an IPO this fall.