Figma Files for IPO

Thomas Claburn (Figma, Hacker News):

The company prospectus mentions AI more than 150 times, characterizing it both as a creative accelerant and a potential threat.

[…]

Back to Figma, whose prospectus says that as of the first three months of 2025 it has 13 million monthly active users.

For the year that ended on December 31, 2024, Figma reported revenue of $749 million, up 48 percent year-on-year from the prior year. And for the three months that ended March 31, 2025, the company reported revenue of $228 million, up 46 percent year-on-year.

[…]

Figma cautions that its own use of AI could make its software more complicated to maintain.

Previously:

• Figma AI
• Adobe Abandons Figma Acquisition
• Blocking Adobe’s Acquisition of Figma
• Adobe to Acquire Figma

Update (2025-07-04): Georgia Butler (via Hacker News):

The filing states that Figma entered into a renewed hosting agreement with AWS on May 31, 2025, which commits to “a minimum of $545 million in cloud hosting services over the next five years.”

This works out at $298,466.59 daily in costs to Figma. How this is broken down into storage, compute, or bandwidth costs is not detailed.

Update (2025-08-06): Figma (Hacker News):

Today, we’re announcing the pricing of Figma’s initial public offering of 36,937,080 shares of Class A common stock at a public offering price of $33.00 per share.

Chibuike Oguh:

Shares of Figma slumped 23% on profit taking on Monday, as euphoria over the design software firm waned days after its blockbuster initial public offering.

San Francisco, California-based Figma shares had scored a massive 250% gain during their market debut on Thursday when they were priced at $33 but finished at $115.50, giving the company a market capitalization of about $56.3 billion.

Amazon Web Services Artificial Intelligence Business Figma Graphics Web

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