The company is diversifying by investing approximately $100 million in Bitcoin and stablecoins, aiming to hedge against inflation and attract tech-savvy investors, though these investments carry volatility risks.

Figma, a San Francisco-based collaborative design software company, is preparing for an IPO scheduled for the week of July 28, 2025, aiming to raise over $1 billion by offering nearly 37 million shares priced between $25 and $28 each.

The company's valuation is expected to be between $14.6 billion and $16.4 billion, reflecting a decrease from previous acquisition bids but still establishing Figma as a major player in the design industry.

Figma will trade on the NYSE under the symbol 'FIG', with leading underwriters including Morgan Stanley, Goldman Sachs, Allen & Co, and J.P. Morgan.

This IPO follows a period of market resurgence for tech startups in 2025, after notable offerings from companies like CoreWeave and Circle, signaling a recovering environment for tech IPOs.

Figma's revenue in 2024 was $749 million, with a 48% year-over-year growth rate, and its user base exceeds 13 million monthly users, including 90% of Fortune 500 companies.

Despite strong growth, Figma reported a net loss of $732 million in 2024 due to substantial investments in R&D, AI features, and acquisitions, with preliminary Q2 2025 revenue expected to be around $247-$250 million.

The company maintains a high gross margin of 90% and a net revenue retention rate of 115-120%, indicating robust monetization of enterprise clients.

Figma faces competition from other DaaS platforms and AI-driven design tools, which could impact its traditional design roles and market share.

Figma's leadership, including CEO Dylan Field, plans to sell around 2.35 million shares, potentially earning over $65 million, while the company also expects to see significant secondary share sales from venture investors like Index, Greylock, and Sequoia.

Market analysts suggest monitoring key metrics such as enterprise revenue growth, AI adoption, and the impact of cryptocurrency investments, as these will influence Figma's valuation and market performance post-IPO.

Figma's strategic focus on cloud-native collaboration, AI integration, and expanding global enterprise clients positions it to continue scaling despite market volatility and competitive pressures.