Figma, a cloud-based design platform, has filed for an IPO with the U.S. Securities and Exchange Commission. This filing outlines the company's investment plans in cryptocurrency.
Details of Figma's IPO
Figma has formally submitted an S-1 filing to the SEC. As part of its IPO, the company plans to list Class A shares on the New York Stock Exchange under the symbol "FIG". The company has no public trading history.
Investment Plans in Bitcoin
Figma also announced a new $30 million Bitcoin investment plan approved on May 8, 2025. The filing indicated that the company has approximately $69.5 million in Bitcoin ETF assets as of March 31, 2025, highlighting its strategic interest in digital assets.
Stock Classification and Management
Figma's shares are classified into three classes: Class A (one vote per share), Class B (15 voting rights per share, convertible), and Class C (non-voting shares with limited conversion rights). After the IPO, the majority of voting rights will reportedly remain with CEO and co-founder Dylan Field, retaining most voting power through proxy grants from co-founder Evan Wallace and the Wu-Wallace Family Foundation.
Figma's IPO filing and its plans for Bitcoin investments emphasize the company's intention to enhance its asset portfolio and solidify its standing in the financial markets.
