Figma moves closer to a blockbuster IPO that could raise $1.5B

Figure openly shared Its financial proposals bring the design software company closer to an IPO. This initial S-1 provides the number of shares to be offered and the most obvious the financial health and potential of the regulatory document.

IPO specialists Reactive Capital Rate this Figma Can lift up to $ 1.5 billion In this offer. If this meeting or exceeds, Figman’s IPO will adapt or defeat Coreweave, $ 1.5 billion So far, 2025 has been the largest technological IPO.

There are some reasons to believe that Figman can turn it off. Its financial documents are impressive for the S-1 document.

The company brought $ 749 million in 2024 in 2024. 48% jump from 2023. The company was spread by 12 months of $ 821 million, 91% total margin.

Figman’s profit is also interesting. The company is profitable in 2023 and then a huge loss of $ 732 million in 2023. However, this is mainly due to a one-time expenses related to the stock compensation measure. (Figma, 10.5 million stock variants, said that compatible workers in accordance with the $ 5.50 strike price, he said.

Figma in the fourth quarter of 2024, as in the 2025 Q1, said he re-profit.

Figma also considered the total debt that he had no one. But still this is a line element that should be filled. The company naturally owns a debt line and left room.

We still do not know if any of any executions or VCs are sold. The main supporters include Index, Breylock, Kleiner Perkins and Sequoia.

We know that in 2024, the leaders took part in a great tender proposal that allow workers to cash out of stocks. For example, Figma co-founder CEO and Chairman of the Board of Directors spent money from 20 million worth of stock as part of this sale.

The S-1 document gave another interesting statement about Evan Wallace, co-founder Evan Wallace, who left Figma in 2021. According to the website. Wallace is called the documents as co-founder. However, Figma Wallace said he liked Wallace on the right and control of the right to voting. Wallace’s Family Trust Water Super Voting Rights B share B shares (15 votes, Figma says). All, S-1 manages this area, iPo, about 75% of voting rights.

Finance, of course, is similar to the type of company that Wall Street and retail investors usually want to buy. A black cloud, if you can call it, the vibe prepares upgrades / AI apps. Above as loved Aims to the market of Figman and grows rapidly. Figma and AI products also have their own set.

Figma acknowledges the risks not to differ in the competitive AI industry in S-1.

“When we do and expect we wait for the EU, including significant investments to unite and continue to continue
Generative AI, platform, AI technologies are developing rapidly and there can be no guarantee
Our products will compete because new AI technologies are made and integrated
Program solutions, “The company is called in regulatory documentation.