Figma shares surged 250% after its IPO, making its 33-year-old CEO a billionaire.
Figma raised $1.2 billion through its IPO, with its share price surging 250% to $117, making 33-year-old CEO Dylan Field a billionaire.
Figma raised $1.2 billion through its IPO, with its share price surging 250% to $117, making 33-year-old CEO Dylan Field a billionaire.
Figma raised over $1.2 billion in its IPO, with its stock closing at over $117 per share on July 31, 2025, a more than 250% increase from the projected $30-32 in its filing with the U.S. Securities and Exchange Commission (SEC). This success makes Figma one of the largest IPOs of 2025, marking a burgeoning technology IPO market.
Figma was founded by Dylan Field, a former Thiel Fellow, and his Brown University classmate, Evan Wallace, in 2012. The company launched a closed beta in 2015, offering a suite of design tools that work directly in web browsers.
Last year, British regulators blocked Adobe's acquisition of Figma due to concerns that Adobe would dominate the design software market, reducing competition.
Analysts at Charles Schwab say the tech IPO market is recovering after a slump caused by high interest rates. Figma's success, along with other tech IPOs like the AI startup CoreWeave in March, shows positive signs. Figma is taking advantage of this opportunity to solidify its position in the digital design industry.
Dylan Field and co-founder Evan Wallace, who left the company in 2021, still hold 99% of Class B shares, giving them 15 times the voting power of Class A shares. This gives Field control of approximately 74% of the voting power, ensuring significant influence over Figma's strategic decisions.
The successful IPO not only put Figma on the global technology map but also turned 33-year-old CEO Dylan Field into a billionaire. With its intuitive design software platform and strong growth, Figma is expected to continue leading the market and compete with tech giants in the future.
