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Figma's Path to IPO

Over a Decade of Growth, Innovation, and Strategic Investment

EquityZen
Written by EquityZen
•
September 23, 2025
Figma's Path to IPO

Founded

2012

Expected IPO Valuation

$18.8B

Based on ~$31 IPO Price

Growth Trajectory: From Funding to Public Valuation

Source: PitchBook Data

Key Milestones

Return by Funding Round

Funding Round Year Valuation Issue Price 1 Return Multiple at IPO Price $16 2 (IPO Price/Issue Price at Round)

1 Source: EquityZen Capitalization Table Analysis

2 Source: Reuters

Overall Ownership Distribution

Source: S-1 Filling, sec.gov

Principal Shareholder Breakdown & Expected Value

Source: S-1 Filing, sec.gov.

Expected Value at IPO calculated based on IPO price of $31.

This is not intended to predict or project the performance of Figma. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

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