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2025-07-27

Figma

Buy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion

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08:14","market":"sh","language":"zh","title":"Buy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2554790345","media":"金融界","summary":"在科技新股热潮逐渐回温之际，协作设计平台Figma正迎来万众瞩目的公开上市。Figma的重启被市场视为科技IPO回暖的重要信号，也有助于公司更精确评估投资者心中的“真实估值”。Figma的上市正值市场对高质量科技股热情重燃之际。此前Circle上市首日暴涨168%，Figma有望成为下一匹“黑马”。","content":"<p><html><body><div>As the boom of new technology stocks gradually warms up, Figma, a collaborative design platform, is ushering in a much-anticipated public listing. According to the Company's payment to the United States<span>Securities</span>The latest filing from the Exchange Commission (SEC), Figma is scheduled to be priced on July 30 and will be listed for trading on the New York Stock Exchange under the ticker symbol \"FIG.\" This IPO will not only be a financing, but also a comprehensive test of its business model, growth potential and market enthusiasm.</p><p><strong>I. Issuance details: It is planned to raise $1 billion, with a maximum valuation of $16.4 billion</strong></p><p>Figma plans to issue approximately 37 million shares of Class A common stock in the IPO, with a pricing range of $25 to $28 per share. Of these, the company itself will issue 12.47 million new shares, and the rest will be sold by existing shareholders, including the founder.</p><p>If calculated at the high-end pricing of $28, the total amount of fundraising will reach $1.03 billion;</p><p>According to the full dilution caliber (including options, RSU and other equity incentives), Figma's valuation will be between 14.5 billion and 16.4 billion USD; If only based on the outstanding shares after the IPO is completed, the valuation is about $13.6 billion.</p><p>This valuation is lower than<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The $20 billion takeover offer made in 2022 is significantly higher than Figma's $12.5 billion valuation reflected in a round of exit offers for employees and early investors last year.<a href=\"https://laohu8.com/S/CRCL\">Circle</a>On top of technological unicorns such as Chime.</p><p><strong>Auction-style mechanism: more accurately anchoring the cognitive value of investors</strong></p><p>Figma's IPO adopts an auction-like \"price-limit subscription mechanism\" instead of the traditional market-price subscription method. That is, investors should clearly declare the number and price of shares they wish to subscribe for.</p><p>This mechanism was adopted by DoorDash, Airbnb, etc. at the peak of the technology boom, and then gradually faded out due to the cold market. Figma's restart is regarded by the market as an important signal for the recovery of technology IPOs, and it also helps the company to more accurately assess the \"true valuation\" in the minds of investors.</p><p><strong>Third, business highlights: rapid growth of users, flying revenue and profit</strong></p><p>Founded in 2012 and headquartered in San Francisco, Figma specializes in cloud collaborative design software, allowing multiple users to edit and build apps, web pages and software interfaces at the same time. In recent years, with the acceleration of telecommuting and digital transformation, the company has entered a period of rapid growth:</p><p>l 13 million active users, covering 95% of the world's Fortune 500 companies;</p><p>l 2024 revenue of $749 million, up 48% year over year;</p><p>l Revenue continued to grow 46% year-over-year in the first months of 2025;</p><p>l Net profit also tripled;</p><p>lCustomers include<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>、<a href=\"https://laohu8.com/S/WDAY\">Workday</a>SAP, SAP and other large enterprises.</p><p>Dylan Field, CEO of the company, once said that Figma's \"product itself is the most powerful marketing engine\". Through \"bottom-up team collaboration promotion\", it significantly reduces customer acquisition costs and forms an efficient growth flywheel.</p><p><strong>4. Another approach: Figma gets involved in crypto investment</strong></p><p>It is worth noting that Figma also has a layout in the crypto field:</p><p>l At the end of March, the company held approximately $69.5 million in Bitcoin ETFs;</p><p>l In May this year, the company's board of directors approved an additional investment of $30 million to purchase USDC stablecoin, and planned to exchange it into Bitcoin; The issuer of USDC is Circle Internet, which also recently went public.</p><p>This cross-border behavior not only reflects Figma's flexibility in capital allocation, but also shows its interest in diversified allocation of technology assets.</p><p><strong>V. Shareholder Structure: Founders and a number of top VCs reduced their holdings</strong></p><p>In this IPO, not only Figma itself issued new shares, but some existing shareholders also chose to cash out some of their shares:</p><p>CEO and co-founder Dylan Field intends to sell about 2.35 million shares;</p><p>Board member and Kleiner Perkins partner Mamoon Hamid sells about 2.76 million shares;</p><p>Other reducers include Sequoia Capital, Greylock Partners, Index Ventures, and others.</p><p>The lead underwriter is<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, co-organized by Allen & Co and<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>。</p><p><strong>VI. What do investors think of this IPO?</strong></p><p>Figma's listing comes amid renewed enthusiasm for high-quality tech stocks. Previously, Circle soared 168% on the first day of listing, and Figma is expected to become the next \"dark horse\". However, the market should also see the potential uncertainty:</p><p>l<span>Artificial Intelligence</span>The development of design tools may replace some traditional design software in the medium and long term;</p><p>l Immigration policy tightens or affects its talent recruitment;</p><p>l International market volatility and trade policy risks, which may affect its revenue structure (most revenue in 2024 comes from outside the United States).</p><p>However, on the whole, Figma has demonstrated strong growth capability, high-quality customer base and clear profit path, and has the typical characteristics of \"high-quality technology growth stock\".</p><p><strong>sum up</strong></p><p>Figma's IPO is not only a verification of its own business model, but also a signal of the gradual recovery of the technology IPO market. For investors seeking medium-to long-term growth opportunities, this could be a window to watch.</p><p><div><div>Editor in charge: Zhong Li</div></div></div></body></html></p>","source":"jinrongjie_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金融界</strong><span class=\"h-time small\">2025-07-26 08:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>As the boom of new technology stocks gradually warms up, Figma, a collaborative design platform, is ushering in a much-anticipated public listing. According to the Company's payment to the United States<span>Securities</span>The latest filing from the Exchange Commission (SEC), Figma is scheduled to be priced on July 30 and will be listed for trading on the New York Stock Exchange under the ticker symbol \"FIG.\" This IPO will not only be a financing, but also a comprehensive test of its business model, growth potential and market enthusiasm.</p><p><strong>I. Issuance details: It is planned to raise $1 billion, with a maximum valuation of $16.4 billion</strong></p><p>Figma plans to issue approximately 37 million shares of Class A common stock in the IPO, with a pricing range of $25 to $28 per share. Of these, the company itself will issue 12.47 million new shares, and the rest will be sold by existing shareholders, including the founder.</p><p>If calculated at the high-end pricing of $28, the total amount of fundraising will reach $1.03 billion;</p><p>According to the full dilution caliber (including options, RSU and other equity incentives), Figma's valuation will be between 14.5 billion and 16.4 billion USD; If only based on the outstanding shares after the IPO is completed, the valuation is about $13.6 billion.</p><p>This valuation is lower than<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The $20 billion takeover offer made in 2022 is significantly higher than Figma's $12.5 billion valuation reflected in a round of exit offers for employees and early investors last year.<a href=\"https://laohu8.com/S/CRCL\">Circle</a>On top of technological unicorns such as Chime.</p><p><strong>Auction-style mechanism: more accurately anchoring the cognitive value of investors</strong></p><p>Figma's IPO adopts an auction-like \"price-limit subscription mechanism\" instead of the traditional market-price subscription method. That is, investors should clearly declare the number and price of shares they wish to subscribe for.</p><p>This mechanism was adopted by DoorDash, Airbnb, etc. at the peak of the technology boom, and then gradually faded out due to the cold market. Figma's restart is regarded by the market as an important signal for the recovery of technology IPOs, and it also helps the company to more accurately assess the \"true valuation\" in the minds of investors.</p><p><strong>Third, business highlights: rapid growth of users, flying revenue and profit</strong></p><p>Founded in 2012 and headquartered in San Francisco, Figma specializes in cloud collaborative design software, allowing multiple users to edit and build apps, web pages and software interfaces at the same time. In recent years, with the acceleration of telecommuting and digital transformation, the company has entered a period of rapid growth:</p><p>l 13 million active users, covering 95% of the world's Fortune 500 companies;</p><p>l 2024 revenue of $749 million, up 48% year over year;</p><p>l Revenue continued to grow 46% year-over-year in the first months of 2025;</p><p>l Net profit also tripled;</p><p>lCustomers include<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>、<a href=\"https://laohu8.com/S/WDAY\">Workday</a>SAP, SAP and other large enterprises.</p><p>Dylan Field, CEO of the company, once said that Figma's \"product itself is the most powerful marketing engine\". Through \"bottom-up team collaboration promotion\", it significantly reduces customer acquisition costs and forms an efficient growth flywheel.</p><p><strong>4. Another approach: Figma gets involved in crypto investment</strong></p><p>It is worth noting that Figma also has a layout in the crypto field:</p><p>l At the end of March, the company held approximately $69.5 million in Bitcoin ETFs;</p><p>l In May this year, the company's board of directors approved an additional investment of $30 million to purchase USDC stablecoin, and planned to exchange it into Bitcoin; The issuer of USDC is Circle Internet, which also recently went public.</p><p>This cross-border behavior not only reflects Figma's flexibility in capital allocation, but also shows its interest in diversified allocation of technology assets.</p><p><strong>V. Shareholder Structure: Founders and a number of top VCs reduced their holdings</strong></p><p>In this IPO, not only Figma itself issued new shares, but some existing shareholders also chose to cash out some of their shares:</p><p>CEO and co-founder Dylan Field intends to sell about 2.35 million shares;</p><p>Board member and Kleiner Perkins partner Mamoon Hamid sells about 2.76 million shares;</p><p>Other reducers include Sequoia Capital, Greylock Partners, Index Ventures, and others.</p><p>The lead underwriter is<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, co-organized by Allen & Co and<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>。</p><p><strong>VI. What do investors think of this IPO?</strong></p><p>Figma's listing comes amid renewed enthusiasm for high-quality tech stocks. Previously, Circle soared 168% on the first day of listing, and Figma is expected to become the next \"dark horse\". However, the market should also see the potential uncertainty:</p><p>l<span>Artificial Intelligence</span>The development of design tools may replace some traditional design software in the medium and long term;</p><p>l Immigration policy tightens or affects its talent recruitment;</p><p>l International market volatility and trade policy risks, which may affect its revenue structure (most revenue in 2024 comes from outside the United States).</p><p>However, on the whole, Figma has demonstrated strong growth capability, high-quality customer base and clear profit path, and has the typical characteristics of \"high-quality technology growth stock\".</p><p><strong>sum up</strong></p><p>Figma's IPO is not only a verification of its own business model, but also a signal of the gradual recovery of the technology IPO market. For investors seeking medium-to long-term growth opportunities, this could be a window to watch.</p><p><div><div>Editor in charge: Zhong Li</div></div></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://usstock.jrj.com.cn/2025/07/26081451997973.shtml\">金融界</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"83042":"华夏比特币-R","BK4601":"加密货币现货ETF","03008":"博时比特币","FIG":"Simplify Macro Strategy ETF","09008":"博时比特币-U","09042":"华夏比特币-U","03042":"华夏比特币","09439":"嘉实比特币-U","BK4588":"碎股","03439":"嘉实比特币","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","BK4585":"ETF&股票定投概念"},"source_url":"https://usstock.jrj.com.cn/2025/07/26081451997973.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2554790345","content_text":"在科技新股热潮逐渐回温之际，协作设计平台Figma正迎来万众瞩目的公开上市。根据公司向美国证券交易委员会（SEC）提交的最新文件，Figma计划于7月30日定价，并将在纽约证券交易所挂牌交易，股票代码为“FIG”。这场IPO将不仅是一次融资，更是一场对其商业模式、增长潜力与市场热情的全面检验。一、发行详情：拟募资10亿美元，估值最高164亿美元Figma此次IPO计划发行约3700万股A类普通股，定价区间为每股25至28美元。其中，公司自身将发行1247万股新股，其余部分由包括创始人在内的现有股东出售。若以高端定价28美元计算，募资总额将达到10.3亿美元；按照全面稀释口径（包含期权、RSU等股权激励），Figma估值将在145亿至164亿美元之间；若仅按IPO完成后的流通股计算，估值约为136亿美元。这一估值虽低于Adobe在2022年提出的200亿美元收购报价，但显著高于去年Figma在一轮员工和早期投资人退出的要约中体现的125亿美元估值，更在近期上市的Circle、Chime等科技独角兽之上。二、拍卖式机制：更精准地锚定投资者认知价值本次Figma的IPO采用了一种类似拍卖的“限价申购机制”，而非传统的市价认购方式。即投资者需明确申报希望认购的股份数量及价格。这种机制在科技热潮高峰期曾被DoorDash、Airbnb等采用，后因市场遇冷而逐渐淡出。Figma的重启被市场视为科技IPO回暖的重要信号，也有助于公司更精确评估投资者心中的“真实估值”。三、业务亮点：用户高速增长，营收利润齐飞Figma成立于2012年，总部位于旧金山，主营云端协作设计软件，允许多个用户同时编辑和构建App、网页与软件界面。近年来，随着远程办公和数字化转型加速，公司进入高速增长期：l 1300万活跃用户，覆盖全球95%的《财富》500强企业；l 2024年营收7.49亿美元，同比增长48%；l 2025年前数月营收继续同比增长46%；l 净利润也实现三倍增长；l 客户包括ServiceNow、Workday、SAP等大型企业。公司CEO Dylan Field曾表示，Figma“产品本身就是最强大的营销引擎”，通过“自下而上的团队协作推广”，显著降低获客成本，形成高效率的增长飞轮。四、另辟蹊径：Figma涉足加密投资值得注意的是，Figma还在加密领域有所布局：l 截至3月底，公司持有约6950万美元的比特币ETF；l 今年5月，公司董事会批准额外投资3000万美元购买USDC稳定币，并计划将其换入比特币；USDC的发行方正是同样近期上市的Circle Internet。这一跨界行为不仅体现了Figma在资金配置上的灵活，也显示其对科技资产多样化配置的兴趣。五、股东结构：创始人与多家顶级风投减持此次IPO中，不仅Figma公司自身发行新股，部分现有股东也选择套现部分持股：CEO兼联合创始人Dylan Field拟出售约235万股；董事会成员、Kleiner Perkins合伙人 Mamoon Hamid 出售约276万股；其他减持机构包括红杉资本、Greylock Partners、Index Ventures等。主承销商为摩根士丹利、高盛，协办包括Allen & Co 和摩根大通。六、投资者如何看待这次IPO？Figma的上市正值市场对高质量科技股热情重燃之际。此前Circle上市首日暴涨168%，Figma有望成为下一匹“黑马”。不过，市场也应看到潜在的不确定性：l 人工智能设计工具的发展，可能在中长期替代部分传统设计软件；l 移民政策收紧或影响其人才招募；l 国际市场波动和贸易政策风险，可能影响其营收结构（2024年收入大多来自美国以外）。但整体而言，Figma展现了强劲的增长能力、优质的客户基础与清晰的盈利路径，具备典型的“高质量科技成长股”特征。总结Figma此次IPO既是对自身商业模式的一次验证，也标志着科技新股市场逐步复苏的信号。对于寻求中长期增长机会的投资者而言，这可能是一个值得关注的窗口期。\n\n\n            责任编辑：钟离","news_type":1,"symbols_score_info":{"83042":0.6,"03008":1,"FIG":1,"03439":1,"09042":1,"03042":1,"09008":1,"09439":1}},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":461234034410000,"gmtCreate":1753625668373,"gmtModify":1753666343377,"author":{"id":"4215018528463822","authorId":"4215018528463822","name":"XXLLAOHU","avatar":"https://community-static.tradeup.com/news/ab68e504e024b33560406cb98f7d1f66","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4215018528463822","idStr":"4215018528463822"},"themes":[],"title":"","htmlText":"Figma&nbsp;","listText":"Figma&nbsp;","text":"Figma","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/461234034410000","repostId":"2554790345","repostType":2,"repost":{"id":"2554790345","kind":"highlight","pubTimestamp":1753488844,"share":"https://ttm.financial/m/news/2554790345?lang=en_US&edition=fundamental","pubTime":"2025-07-26 08:14","market":"sh","language":"zh","title":"Buy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2554790345","media":"金融界","summary":"在科技新股热潮逐渐回温之际，协作设计平台Figma正迎来万众瞩目的公开上市。Figma的重启被市场视为科技IPO回暖的重要信号，也有助于公司更精确评估投资者心中的“真实估值”。Figma的上市正值市场对高质量科技股热情重燃之际。此前Circle上市首日暴涨168%，Figma有望成为下一匹“黑马”。","content":"<p><html><body><div>As the boom of new technology stocks gradually warms up, Figma, a collaborative design platform, is ushering in a much-anticipated public listing. According to the Company's payment to the United States<span>Securities</span>The latest filing from the Exchange Commission (SEC), Figma is scheduled to be priced on July 30 and will be listed for trading on the New York Stock Exchange under the ticker symbol \"FIG.\" This IPO will not only be a financing, but also a comprehensive test of its business model, growth potential and market enthusiasm.</p><p><strong>I. Issuance details: It is planned to raise $1 billion, with a maximum valuation of $16.4 billion</strong></p><p>Figma plans to issue approximately 37 million shares of Class A common stock in the IPO, with a pricing range of $25 to $28 per share. Of these, the company itself will issue 12.47 million new shares, and the rest will be sold by existing shareholders, including the founder.</p><p>If calculated at the high-end pricing of $28, the total amount of fundraising will reach $1.03 billion;</p><p>According to the full dilution caliber (including options, RSU and other equity incentives), Figma's valuation will be between 14.5 billion and 16.4 billion USD; If only based on the outstanding shares after the IPO is completed, the valuation is about $13.6 billion.</p><p>This valuation is lower than<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The $20 billion takeover offer made in 2022 is significantly higher than Figma's $12.5 billion valuation reflected in a round of exit offers for employees and early investors last year.<a href=\"https://laohu8.com/S/CRCL\">Circle</a>On top of technological unicorns such as Chime.</p><p><strong>Auction-style mechanism: more accurately anchoring the cognitive value of investors</strong></p><p>Figma's IPO adopts an auction-like \"price-limit subscription mechanism\" instead of the traditional market-price subscription method. That is, investors should clearly declare the number and price of shares they wish to subscribe for.</p><p>This mechanism was adopted by DoorDash, Airbnb, etc. at the peak of the technology boom, and then gradually faded out due to the cold market. Figma's restart is regarded by the market as an important signal for the recovery of technology IPOs, and it also helps the company to more accurately assess the \"true valuation\" in the minds of investors.</p><p><strong>Third, business highlights: rapid growth of users, flying revenue and profit</strong></p><p>Founded in 2012 and headquartered in San Francisco, Figma specializes in cloud collaborative design software, allowing multiple users to edit and build apps, web pages and software interfaces at the same time. In recent years, with the acceleration of telecommuting and digital transformation, the company has entered a period of rapid growth:</p><p>l 13 million active users, covering 95% of the world's Fortune 500 companies;</p><p>l 2024 revenue of $749 million, up 48% year over year;</p><p>l Revenue continued to grow 46% year-over-year in the first months of 2025;</p><p>l Net profit also tripled;</p><p>lCustomers include<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>、<a href=\"https://laohu8.com/S/WDAY\">Workday</a>SAP, SAP and other large enterprises.</p><p>Dylan Field, CEO of the company, once said that Figma's \"product itself is the most powerful marketing engine\". Through \"bottom-up team collaboration promotion\", it significantly reduces customer acquisition costs and forms an efficient growth flywheel.</p><p><strong>4. Another approach: Figma gets involved in crypto investment</strong></p><p>It is worth noting that Figma also has a layout in the crypto field:</p><p>l At the end of March, the company held approximately $69.5 million in Bitcoin ETFs;</p><p>l In May this year, the company's board of directors approved an additional investment of $30 million to purchase USDC stablecoin, and planned to exchange it into Bitcoin; The issuer of USDC is Circle Internet, which also recently went public.</p><p>This cross-border behavior not only reflects Figma's flexibility in capital allocation, but also shows its interest in diversified allocation of technology assets.</p><p><strong>V. Shareholder Structure: Founders and a number of top VCs reduced their holdings</strong></p><p>In this IPO, not only Figma itself issued new shares, but some existing shareholders also chose to cash out some of their shares:</p><p>CEO and co-founder Dylan Field intends to sell about 2.35 million shares;</p><p>Board member and Kleiner Perkins partner Mamoon Hamid sells about 2.76 million shares;</p><p>Other reducers include Sequoia Capital, Greylock Partners, Index Ventures, and others.</p><p>The lead underwriter is<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, co-organized by Allen & Co and<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>。</p><p><strong>VI. What do investors think of this IPO?</strong></p><p>Figma's listing comes amid renewed enthusiasm for high-quality tech stocks. Previously, Circle soared 168% on the first day of listing, and Figma is expected to become the next \"dark horse\". However, the market should also see the potential uncertainty:</p><p>l<span>Artificial Intelligence</span>The development of design tools may replace some traditional design software in the medium and long term;</p><p>l Immigration policy tightens or affects its talent recruitment;</p><p>l International market volatility and trade policy risks, which may affect its revenue structure (most revenue in 2024 comes from outside the United States).</p><p>However, on the whole, Figma has demonstrated strong growth capability, high-quality customer base and clear profit path, and has the typical characteristics of \"high-quality technology growth stock\".</p><p><strong>sum up</strong></p><p>Figma's IPO is not only a verification of its own business model, but also a signal of the gradual recovery of the technology IPO market. For investors seeking medium-to long-term growth opportunities, this could be a window to watch.</p><p><div><div>Editor in charge: Zhong Li</div></div></div></body></html></p>","source":"jinrongjie_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Bitcoin While IPO! Countdown to the launch of Design Unicorn Figma! Valuation exceeds $16.4 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金融界</strong><span class=\"h-time small\">2025-07-26 08:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>As the boom of new technology stocks gradually warms up, Figma, a collaborative design platform, is ushering in a much-anticipated public listing. According to the Company's payment to the United States<span>Securities</span>The latest filing from the Exchange Commission (SEC), Figma is scheduled to be priced on July 30 and will be listed for trading on the New York Stock Exchange under the ticker symbol \"FIG.\" This IPO will not only be a financing, but also a comprehensive test of its business model, growth potential and market enthusiasm.</p><p><strong>I. Issuance details: It is planned to raise $1 billion, with a maximum valuation of $16.4 billion</strong></p><p>Figma plans to issue approximately 37 million shares of Class A common stock in the IPO, with a pricing range of $25 to $28 per share. Of these, the company itself will issue 12.47 million new shares, and the rest will be sold by existing shareholders, including the founder.</p><p>If calculated at the high-end pricing of $28, the total amount of fundraising will reach $1.03 billion;</p><p>According to the full dilution caliber (including options, RSU and other equity incentives), Figma's valuation will be between 14.5 billion and 16.4 billion USD; If only based on the outstanding shares after the IPO is completed, the valuation is about $13.6 billion.</p><p>This valuation is lower than<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The $20 billion takeover offer made in 2022 is significantly higher than Figma's $12.5 billion valuation reflected in a round of exit offers for employees and early investors last year.<a href=\"https://laohu8.com/S/CRCL\">Circle</a>On top of technological unicorns such as Chime.</p><p><strong>Auction-style mechanism: more accurately anchoring the cognitive value of investors</strong></p><p>Figma's IPO adopts an auction-like \"price-limit subscription mechanism\" instead of the traditional market-price subscription method. That is, investors should clearly declare the number and price of shares they wish to subscribe for.</p><p>This mechanism was adopted by DoorDash, Airbnb, etc. at the peak of the technology boom, and then gradually faded out due to the cold market. Figma's restart is regarded by the market as an important signal for the recovery of technology IPOs, and it also helps the company to more accurately assess the \"true valuation\" in the minds of investors.</p><p><strong>Third, business highlights: rapid growth of users, flying revenue and profit</strong></p><p>Founded in 2012 and headquartered in San Francisco, Figma specializes in cloud collaborative design software, allowing multiple users to edit and build apps, web pages and software interfaces at the same time. In recent years, with the acceleration of telecommuting and digital transformation, the company has entered a period of rapid growth:</p><p>l 13 million active users, covering 95% of the world's Fortune 500 companies;</p><p>l 2024 revenue of $749 million, up 48% year over year;</p><p>l Revenue continued to grow 46% year-over-year in the first months of 2025;</p><p>l Net profit also tripled;</p><p>lCustomers include<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>、<a href=\"https://laohu8.com/S/WDAY\">Workday</a>SAP, SAP and other large enterprises.</p><p>Dylan Field, CEO of the company, once said that Figma's \"product itself is the most powerful marketing engine\". Through \"bottom-up team collaboration promotion\", it significantly reduces customer acquisition costs and forms an efficient growth flywheel.</p><p><strong>4. Another approach: Figma gets involved in crypto investment</strong></p><p>It is worth noting that Figma also has a layout in the crypto field:</p><p>l At the end of March, the company held approximately $69.5 million in Bitcoin ETFs;</p><p>l In May this year, the company's board of directors approved an additional investment of $30 million to purchase USDC stablecoin, and planned to exchange it into Bitcoin; The issuer of USDC is Circle Internet, which also recently went public.</p><p>This cross-border behavior not only reflects Figma's flexibility in capital allocation, but also shows its interest in diversified allocation of technology assets.</p><p><strong>V. Shareholder Structure: Founders and a number of top VCs reduced their holdings</strong></p><p>In this IPO, not only Figma itself issued new shares, but some existing shareholders also chose to cash out some of their shares:</p><p>CEO and co-founder Dylan Field intends to sell about 2.35 million shares;</p><p>Board member and Kleiner Perkins partner Mamoon Hamid sells about 2.76 million shares;</p><p>Other reducers include Sequoia Capital, Greylock Partners, Index Ventures, and others.</p><p>The lead underwriter is<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, co-organized by Allen & Co and<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>。</p><p><strong>VI. What do investors think of this IPO?</strong></p><p>Figma's listing comes amid renewed enthusiasm for high-quality tech stocks. Previously, Circle soared 168% on the first day of listing, and Figma is expected to become the next \"dark horse\". However, the market should also see the potential uncertainty:</p><p>l<span>Artificial Intelligence</span>The development of design tools may replace some traditional design software in the medium and long term;</p><p>l Immigration policy tightens or affects its talent recruitment;</p><p>l International market volatility and trade policy risks, which may affect its revenue structure (most revenue in 2024 comes from outside the United States).</p><p>However, on the whole, Figma has demonstrated strong growth capability, high-quality customer base and clear profit path, and has the typical characteristics of \"high-quality technology growth stock\".</p><p><strong>sum up</strong></p><p>Figma's IPO is not only a verification of its own business model, but also a signal of the gradual recovery of the technology IPO market. For investors seeking medium-to long-term growth opportunities, this could be a window to watch.</p><p><div><div>Editor in charge: Zhong Li</div></div></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://usstock.jrj.com.cn/2025/07/26081451997973.shtml\">金融界</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"83042":"华夏比特币-R","BK4601":"加密货币现货ETF","03008":"博时比特币","FIG":"Simplify Macro Strategy ETF","09008":"博时比特币-U","09042":"华夏比特币-U","03042":"华夏比特币","09439":"嘉实比特币-U","BK4588":"碎股","03439":"嘉实比特币","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","BK4585":"ETF&股票定投概念"},"source_url":"https://usstock.jrj.com.cn/2025/07/26081451997973.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2554790345","content_text":"在科技新股热潮逐渐回温之际，协作设计平台Figma正迎来万众瞩目的公开上市。根据公司向美国证券交易委员会（SEC）提交的最新文件，Figma计划于7月30日定价，并将在纽约证券交易所挂牌交易，股票代码为“FIG”。这场IPO将不仅是一次融资，更是一场对其商业模式、增长潜力与市场热情的全面检验。一、发行详情：拟募资10亿美元，估值最高164亿美元Figma此次IPO计划发行约3700万股A类普通股，定价区间为每股25至28美元。其中，公司自身将发行1247万股新股，其余部分由包括创始人在内的现有股东出售。若以高端定价28美元计算，募资总额将达到10.3亿美元；按照全面稀释口径（包含期权、RSU等股权激励），Figma估值将在145亿至164亿美元之间；若仅按IPO完成后的流通股计算，估值约为136亿美元。这一估值虽低于Adobe在2022年提出的200亿美元收购报价，但显著高于去年Figma在一轮员工和早期投资人退出的要约中体现的125亿美元估值，更在近期上市的Circle、Chime等科技独角兽之上。二、拍卖式机制：更精准地锚定投资者认知价值本次Figma的IPO采用了一种类似拍卖的“限价申购机制”，而非传统的市价认购方式。即投资者需明确申报希望认购的股份数量及价格。这种机制在科技热潮高峰期曾被DoorDash、Airbnb等采用，后因市场遇冷而逐渐淡出。Figma的重启被市场视为科技IPO回暖的重要信号，也有助于公司更精确评估投资者心中的“真实估值”。三、业务亮点：用户高速增长，营收利润齐飞Figma成立于2012年，总部位于旧金山，主营云端协作设计软件，允许多个用户同时编辑和构建App、网页与软件界面。近年来，随着远程办公和数字化转型加速，公司进入高速增长期：l 1300万活跃用户，覆盖全球95%的《财富》500强企业；l 2024年营收7.49亿美元，同比增长48%；l 2025年前数月营收继续同比增长46%；l 净利润也实现三倍增长；l 客户包括ServiceNow、Workday、SAP等大型企业。公司CEO Dylan Field曾表示，Figma“产品本身就是最强大的营销引擎”，通过“自下而上的团队协作推广”，显著降低获客成本，形成高效率的增长飞轮。四、另辟蹊径：Figma涉足加密投资值得注意的是，Figma还在加密领域有所布局：l 截至3月底，公司持有约6950万美元的比特币ETF；l 今年5月，公司董事会批准额外投资3000万美元购买USDC稳定币，并计划将其换入比特币；USDC的发行方正是同样近期上市的Circle Internet。这一跨界行为不仅体现了Figma在资金配置上的灵活，也显示其对科技资产多样化配置的兴趣。五、股东结构：创始人与多家顶级风投减持此次IPO中，不仅Figma公司自身发行新股，部分现有股东也选择套现部分持股：CEO兼联合创始人Dylan Field拟出售约235万股；董事会成员、Kleiner Perkins合伙人 Mamoon Hamid 出售约276万股；其他减持机构包括红杉资本、Greylock Partners、Index Ventures等。主承销商为摩根士丹利、高盛，协办包括Allen & Co 和摩根大通。六、投资者如何看待这次IPO？Figma的上市正值市场对高质量科技股热情重燃之际。此前Circle上市首日暴涨168%，Figma有望成为下一匹“黑马”。不过，市场也应看到潜在的不确定性：l 人工智能设计工具的发展，可能在中长期替代部分传统设计软件；l 移民政策收紧或影响其人才招募；l 国际市场波动和贸易政策风险，可能影响其营收结构（2024年收入大多来自美国以外）。但整体而言，Figma展现了强劲的增长能力、优质的客户基础与清晰的盈利路径，具备典型的“高质量科技成长股”特征。总结Figma此次IPO既是对自身商业模式的一次验证，也标志着科技新股市场逐步复苏的信号。对于寻求中长期增长机会的投资者而言，这可能是一个值得关注的窗口期。\n\n\n            责任编辑：钟离","news_type":1,"symbols_score_info":{"83042":0.6,"03008":1,"FIG":1,"03439":1,"09042":1,"03042":1,"09008":1,"09439":1}},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}