Figma files for proposed IPO

原始链接: https://www.figma.com/blog/s1-public/

Figma, a collaborative design and product development platform, has announced its plans for an initial public offering (IPO) of its Class A common stock. The company has filed a registration statement on Form S-1 with the SEC and intends to list its stock on the New York Stock Exchange under the ticker symbol "FIG." The number of shares to be offered and the price range are yet to be determined and will depend on market conditions. Morgan Stanley, Goldman Sachs, Allen & Company, and J.P. Morgan are acting as the joint lead book-running managers for the offering. The offering will be made through a prospectus, which, when available, can be obtained from the lead book-running managers. A registration statement has been filed with the SEC, but is not yet effective, and no sales can occur until it is. This announcement is not an offer to sell or solicit an offer to buy securities. Founded in 2012, Figma aims to connect teams to turn ideas into digital products.

Figma, the collaborative web-based design tool, is pursuing an IPO after a failed acquisition by Adobe. The company boasts impressive financials: $749M in revenue in 2024 with 48% year-over-year growth, and high gross margins. However, operating expenses have surged, leading to a net loss in 2024. Hacker News commenters discuss Figma's success, attributing it to its real-time collaboration features, innovative web-based architecture, and focus on performance. However, some users express concerns about "enshittification" following the IPO, citing potential price increases and a shift away from core design needs towards a broader product suite. Some designers find Figma becoming bloated and are looking to alternatives like Penpot and Sketch. Figma's reliance on WebGL rendering, while enabling cross-browser consistency, can also lead to discrepancies between designs and final web implementations. The IPO also brings to light that Figma will be controlled by their CEO, Dylan Field, which could influence how the company operates for the foreseeable future.

原文

Figma, Inc. (“Figma”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. Figma has applied to list its Class A common stock on the New York Stock Exchange under the symbol “FIG.”

The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The fine print:

Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan will act as joint lead book-running managers for the proposed offering. BofA Securities, Wells Fargo Securities, and RBC Capital Markets will act as book-running managers for the proposed offering. William Blair and Wolfe | Nomura Alliance will act as co-managers for the proposed offering.

The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at [email protected]; Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, New York 10022, by telephone at (212) 339-2220, or by email at [email protected]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] and [email protected].

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Founded in 2012, Figma has evolved from a design tool to a connected, AI-powered platform that helps teams go from idea to shipped product. Whether you’re ideating, designing, building, or shipping, Figma makes the entire design and product development process more collaborative, efficient, and fun––while keeping everyone on the same page.

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