What made Figma’s IPO surge past $60 billion valuation?

Figma, the popular collaborative design platform, made a strong debut on the New York Stock Exchange, seeing its stock price triple in early trading and pushing its valuation beyond $60 billion. This comes nearly two years after a failed $20 billion acquisition attempt by Adobe.

Figma’s shares were initially priced at $33, helping the company raise $1.2 billion. But investor demand pushed the stock price past $108 on opening day, reflecting strong interest in high-growth SaaS companies.

Why did Figma reject Adobe and go public instead?

In 2022, Adobe had announced a plan to acquire Figma for $20 billion. However, the deal collapsed in 2023 after global antitrust regulators raised competition concerns. As a result, Figma retained its independence and walked away with a $1 billion breakup fee.

Instead of slowing down, the company used the failed deal as momentum to double down on product development. It launched new features like Figma Make, Sites, and Buzz, expanding beyond design into productivity and AI.

Who uses Figma today?

Figma now boasts over 13 million active users and is used by 95% of Fortune 500 companies. Its user-friendly interface and cloud-based collaboration tools have made it a favorite among product teams, startups, and large enterprises alike.

The company’s growing ecosystem of plugins and AI-powered design tools has positioned it at the center of the next wave of digital design and workflow software.

What does this mean for the IPO market?

Figma’s blockbuster IPO signals a return of investor confidence in tech startups. With the IPO window reopening, other unicorns like Canva, Notion, and Airtable may now consider going public. Analysts suggest Figma’s success could mark the beginning of a new wave of high-growth SaaS IPOs.

What’s next for Figma?

Post-IPO, Figma plans to continue its push into AI and expand its collaboration features. The company is also exploring new markets and enterprise partnerships. Its independence has become a defining trait, and investors see it as a proof point that standalone companies can still scale without relying on tech giants.

Figma’s rise from a near-merger to a public market darling highlights a powerful trend: product-led growth, community loyalty, and staying independent can still pay off big.