Software design firm Figma has formally filed its IPO application with the U.S. SEC, signaling its intent to go public.
IPO Filing and Stock Symbol
Figma has submitted its S-1 registration to list its stock on the New York Stock Exchange under the symbol "FIG". The number of shares outstanding and proposed price range have not been disclosed. The timing of the IPO will depend on market conditions.
Bitcoin Investments
As of March 31, 2025, Figma’s S-1 filing indicates that the company has approximately $69.5 million in Bitcoin ETFs. This shows that the design firm has a significant stake in BTC via regulated investment products. Additionally, on May 8, 2025, the Board of Directors approved an additional $30 million investment into Bitcoin, initially purchasing $30 million worth of USD Coin (USDC) for a future exchange to Bitcoin.
Strategy and Competition
Figma’s IPO is among the most anticipated in years, especially after a prolonged period of dry spells in tech public offerings. The filing acknowledges "intense competition" without naming specific rivals. With strong financial results, customer growth, and solid reserves, Figma appears well-positioned for the public markets.
Figma's IPO filing and significant investments in Bitcoin reflect its growth ambitions and investor confidence amidst evolving technology market landscapes.
