Figma, the collaborative design software company, has officially filed for an initial public offering (IPO) in the United States, planning to list on the New York Stock Exchange under the ticker symbol "FIG." The company aims to raise up to $1.03 billion by offering nearly 37 million shares priced between $25 and $28 each. This pricing implies a fully diluted valuation ranging from approximately $13.6 billion to $16.4 billion. Figma's IPO follows the collapse of a $20 billion acquisition deal with Adobe due to antitrust concerns. Financial disclosures reveal strong growth metrics, including a 46% year-over-year increase in annual recurring revenue (ARR), which reached around $912 million, and a gross margin near 90%. The company reported $749 million in total revenue for 2024 and $228.2 million in first-quarter 2025 revenue, representing a 46% year-over-year increase. Figma also demonstrated profitability improvements, with a 16% operating margin and a 27% free cash flow margin. The firm boasts approximately 13 million monthly active users, with 450,000 paying customers, and serves 78% of the Fortune 2000 companies. CEO and co-founder Dylan Field plans to sell about 2.35 million shares in the offering, cashing out roughly $60 million while retaining about 74% of voting control. The IPO is expected to take place in late summer or early fall of 2025, pending SEC review, and is seen as a significant event in the resurgence of the U.S. technology IPO market.