Figma’s IPO date is close. The stock could trade even higher after the design startup’s latest move

Figma, a collaborative design software company, has raised its initial public offering (IPO) price target. Shares are now anticipated to be priced between $30 and $32 each, an increase from the previous $25 to $28 range. The company is targeting a valuation of approximately $18.8 billion. This valuation is significantly higher than initial projections but remains below Adobe's previously planned $20 billion acquisition. Figma submitted an amended registration statement to the SEC on Monday detailing this price target increase. The San Francisco-based company had confidentially filed its initial S-1 form in April. Figma will be listed on the New York Stock Exchange under the ticker symbol "FIG." This IPO is anticipated to be one of the year's largest, as the tech IPO market experiences a resurgence. The IPO market has seen other notable tech startups like Circle Internet Group and Hinge Health go public. Adobe's planned acquisition of Figma for $20 billion was terminated in December 2023 due to antitrust concerns, with Adobe paying a $1 billion termination fee. Figma reported $228.2 million in revenue for the first three months of 2025 and $749 million in 2024, representing a 48% year-over-year increase. The company boasts 13 million monthly active users.