Figure (image) files for IPO as Tech debuts win steam

Design software company Figma whole On Tuesday, he plans to trade in the New York Exchange under the Sen Sign in the New York Stock Exchange.

In recent years, Figman will be one of the expected IPOs that Figman’s growth rate and a high-private market price. $ 20 billion in the late 2023 purchase agreement Adobe it was hurricane Due to the regulation problems in the UK, Adobe’s Figma has failed to pay $ 1 billion in a period of $ 1 billion.

In the first quarter, Figma Avenue, according to Figma Avenue, increased by 46% to $ 156.2 million in the same period a year ago. The company noted the net income of $ 44.9 million compared to $ 13.5 million a year ago.

As of March 31, the annual revenues in the annual income in the annual income of 1031 customers, which are up to $ 100,000 and annual income, from 47% to 47%. Includes customers Amazon Web services, Google, Microsoft and Netflix. More than half of the income comes from outside the United States

Figma did not tell you how much stocks planned to sell in IPO. The company was estimated at $ 12.5 billion in A. Tender proposal In the last year and April announced that it was Was introduced in secret for an IPO with seconds.

Wall Street Banks projected Then in a hurry of ipos Donald Trump After a dry magic until the end of 2021, the United States won the US presidential election, inflation and increased interest rates pushed investors from risky assets. President Trump’s sweeping tariffs were announced in April and led a number of companies cause to delay Their plans collected the activity late.

Stablecoin Issuer Turn over At the beginning of June, the value of the debut was twice, and now it is more than six times more than the IPO price for a market cap that is almost $ 43 billion. Chime of the online banking company debut In June Hinge Health IPO in May. Artificial infrastructure provider CoreweaveIn March, he jumped 46% in June and jumped four times in June.

Buy now, then pay the company ClearIn the UK, the United States applied for an IPO as the US ticket marketplace stubhub in March.

Figma was established in 2012 in San Francisco, established by the CEO Dylan area, 33 and Evan Wallace. The company had 1646 employees of March 31.

Before the Figma set up, the area held a Brown University, where he met Wallace in two years. Then the area received Thiel scholarships “to implement the initiative projects.” Peter Thiel, who made the founders Foundation Foundation, with the support of the partner Peter Thiel, founders and investors in 2011, gives young entrepreneurs a $ 200,000 grant. Online.

The area is the largest individual owner of Figma, 56.6 million classes and 51.1% of the voting power in IPO. He said in a letter to investors, the time for Figma was time for the “trend of many incredible companies to be indefinitely”.

Databricks, Spacex and Stripe are still among private valuable companies.

“Clearly benefits, brand awareness, brand awareness, liquidity, more powerful currency and capital markets are applied,” he said. “More importantly, I like our opinion to share our society in Figma – and the best way to implement it through public markets.”

As a folk company, the investors should expect investors to be “big swings from us.” In April, Figma received the unnamed technology company for the issuance of the document for $ 14 million.

IPO will also celebrate a more need for silicone valley companies that need returns after a perennial shift. Index enterprises, according to the presentation, are the largest external shareholder with a 17% stake before the presentation. Greylock owns 16%, Kleiner Perkins control 14% and Sequoia has a share of 8.7%.

Figma is facing “intense competition” and the loss of the market share “has a negative impact on our work, but he did not call any special opponent.

More than 13 million people use the figures in the moon and only one third of them are designers. Company in March Figma sites were announceda means of converting designs to work sites. One of the few new products made from the company is that the company is far from the joint service for preparation and website designs.

As of March 31, Figma had 1.54 billion dollars, cash equivalent and sale securities.

Using Cash, Figma began to invest in digital currencies. In 2024, the Figma Board has a $ 55 million investment authority to the Bitcoin Exchange Fund. According to March 31, the holding was worth $ 69.5 million. In May, the Board confirmed $ 30 million in Bitcoin and spent the Figma money in the USD coin.

Morgan Stanley and Golden man sachs Allen and CO lead the deal with the deal and JPMORGAN CHASE.

Correction: The pre-version version of this story had an incorrect stock exchange in the title.

– CNBC’s Ari Levy and Jonathan Vanian contributed to this report.

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