Figma has filed for an IPO projected to raise up to $1.5 billion, a significant move following Adobe's failed acquisition attempt. In 2024, Figma reported $749 million in revenue, marking a 48% increase from 2023, and a gross margin of 91%. The company has gained 13 million monthly active users and 95% of Fortune 500 companies utilize its platform. CEO Dylan Field will retain majority voting power post-IPO through a dual-class share structure to protect the founder-led strategy, while proceeds will fund global expansion and AI innovation.
In 2024, Figma’s revenue reached $749 million, a 48% increase from the previous year, with a remarkable gross margin of 91%.
Figma boasts 13 million monthly active users with 95% of Fortune 500 companies utilizing its services, highlighting a strong market presence among various business functions.
Figma's CEO Dylan Field will maintain majority voting power through a dual-class share structure, ensuring continuity of founder-led strategy after the IPO.
The IPO is projected to raise up to $1.5 billion, with proceeds aimed at supporting global expansion, research and development, and AI innovations.
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