Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Today, we’re announcing the launch of the roadshow for Figma’s proposed initial public offering of Class A common stock.
The proposed offering consists of 12,472,657 shares of Class A common stock offered by Figma and 24,646,423 shares of Class A common stock offered by certain of Figma’s existing stockholders. In addition, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 5,540,561 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. Figma will not receive any proceeds from the sale of shares by the selling stockholders.
The initial public offering price is expected to be between $25 and $28 per share. Figma has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “FIG.”
The fine print:
Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. BofA Securities, Wells Fargo Securities, and RBC Capital Markets are acting as book-running managers for the proposed offering. William Blair and Wolfe | Nomura Alliance are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus 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 prospectus@morganstanley.com; 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 prospectus-ny@ny.email.gs.com; Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, New York 10022, by telephone at (212) 339-2220, or by email at allenprospectus@allenco.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission 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.
Contacts
Media:
press@figma.com
Investor Relations:
ir@figma.com
