Figma shares soar 250% after IPO, 33-year-old CEO becomes billionaire
Figma raised $1.2 billion in its IPO, sending its stock price up 250% to $117, making 33-year-old CEO Dylan Field a billionaire.
Figma raised $1.2 billion in its IPO, sending its stock price up 250% to $117, making 33-year-old CEO Dylan Field a billionaire.
Figma raised more than $1.2 billion in its IPO, with shares closing at more than $117 per share on July 31, 2025, up more than 250% from the $30-$32 range it had forecast in its SEC filing. The success made Figma one of the largest IPOs of 2025, marking the rise of the tech IPO market.
Figma was founded by former Thiel Fellow Dylan Field and Brown University classmate Evan Wallace in 2012. The company launched in closed beta in 2015, offering a design suite that works directly in a web browser.
Last year, UK regulators blocked Adobe's acquisition of Figma over concerns that Adobe would dominate the design software market, reducing competition.
Analysts at Charles Schwab say the tech IPO market is recovering from a slump caused by high interest rates. Figma’s success, along with other tech IPOs like AI startup CoreWeave in March, is a positive sign. Figma is using the opportunity to assert its position in the digital design industry.
Dylan Field and co-founder Evan Wallace, who left the company in 2021, still own 99% of the Class B shares, which have 15 times the voting power of the Class A shares. This gives Field control of about 74% of the voting power, ensuring he has power over Figma's strategic decisions.
The successful IPO not only put Figma on the global tech map but also made 33-year-old CEO Dylan Field a billionaire. With its intuitive design software platform and strong growth, Figma is expected to continue to lead the market, competing with tech giants in the future.