The IPO Buzz: Figma (FIG) Prices IPO at $33 – $1 Above Range

Figma (FIG) priced its hot IPO at $33.00 – $1.00 above the top of its recently increased price range – and sold 36.94 million shares – the number of shares in the prospectus – to raise $1.22 billion on Wednesday night, July 30, 2025. At pricing, Figma has a market cap of about $16.1 billion. Figma’s stock expected to start trading Thursday, July 31st, on the New York Stock Exchange.  Morgan Stanley, Goldman Sachs, Allen & Company and J.P. Morgan were the lead joint book-runners. The joint book-running team included BofA Securities, Wells Fargo Securities and RBC Capital Markets. Jim Cramer of “Mad Money” fame on CNBC – not known for being shy – said last night that he was hesitant to recommend Figma after its IPO because it could get expensive. Figma is on the CNBC 2025 Disruptor List. Based in San Francisco, Figma is known for its design software offered on a collaborative platform that’s made it popular with companies that are household names. ““Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb,” Figma said in the prospectus. Figma is not profitable, according to the prospectus. Figma reported a net loss of $673.7 million on revenue of $820.98 million for the 12 months that ended March 31, 2025. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and the rating is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.