Design lovers, it’s official — Figma is now a public company.

The collaborative design tool made its stock market debut on the New York Stock Exchange under the ticker $FIG, raising a whopping $1.22 billion after selling 39.6 million shares at $33 apiece — higher than its final expected range of $30–32. (Originally, it aimed for $25–28.)

Valuation check:

Bloomberg: $16.1 billion

Reuters & CNBC: $19.34 billion

With employee stock options: Potential total value estimated at $18.5B–$19.3B+

Flashback: The Adobe Deal That Never Was

In September 2022, Adobe announced a $20B acquisition deal for Figma, hoping to combine creative forces. But the internet… didn’t love the idea. Users feared Figma would be absorbed into Adobe’s Creative Cloud, lose its simplicity, or become unaffordable.

By the end of 2023, regulators in the EU and UK blocked the deal, citing competition concerns. Adobe backed out and paid a $1B breakup fee to Figma.

So what did Figma do next?
They got back to building — and in Spring 2024, closed a private stock sale valuing the company at $12.5B. Now they’ve added nearly $7B+ in value in just over a year.
TL;DR:

✅ Figma is now trading on NYSE: $FIG

💸 Raised $1.22B from IPO

📈 Valued up to $19.3B

❌ Adobe deal canceled, $1B breakup fee collected

🚀 Now independent and flush with cash

What’s next? More product updates? Expanding beyond design? A dev toolkit? Time will tell — but one thing’s clear: Figma isn’t just surviving without Adobe — it’s thriving.