Discussion

• @carnage4life Dare Obasanjo on bluesky

  Congratulations to Figma for filing for an IPO.  Regulators blocking the Adobe deal must have felt bad in the moment but this is a better outcome.  —  Stay independent and get rich on your own terms.

• @daniellockyer Daniel Lockyer on x

  According to their filing, Figma has a $300k/DAY AWS bill 🫠 [image]

• @tier10k @tier10k on x

  Design app Figma just filed to go public Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC [image]

• @zoink Dylan Field on x

  Sharing an update on @figma: we publicly filed our S-1 with the SEC today, and have applied to list on the New York Stock Exchange under the symbol “FIG.” https://www.figma.com/...

• @coorslightceo @coorslightceo on x

  Figma 132% net retention feels like a 2021 IPO [image]

• @tanayj Tanay Jaipuria on x

  Fun Fact: Figma has $1.54B of cash on hand currently but raised only $749M in primary capital in its history. It will go public with a negative (!) net burn over its lifetime of $791M, thanks to their efficiency and the $1B breakup fee received from Adobe.

• @arfurrock Arfur Rock on x

  $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC. Yeah this is going to be a 10 bagger after listing.

• @daveclark85 David Clark on x

  No surprise to see some of the usual suspects heading up the Figma cap table. @IndexVentures @GreylockVC @kleinerperkins and @sequoia [image]

• @robyn_shapiro Robyn Shapiro on x

  Figma's IPO is a win for American innovation—and a case study in why tough merger enforcement works. After @JusticeATR raised concerns, Adobe dropped its anticompetitive bid to eliminate Figma. Today, Figma goes public as an independent U.S. company. That's success.

• @sharoonbabu Sharoon Babu on x

  Figma just filed for IPO, reporting $228M in revenue & $44M profit last quarter. UI focused SaaS can still scale profitably, post Adobe deal collapse.

• @fiscal_ai @fiscal_ai on x

  Figma $FIG just filed their S-1 - 13 Million MAUs - 95% of Fortune 500 companies use Figma - $821 million in LTM Revenue (+49% YoY) - Net Revenue Retention Rate: 132% - Non-GAAP Operating Margin of 18% What market cap will this IPO at? [image]

• @dohamekki Doha Mekki on x

  @figma's IPO is both proof that antitrust matters and terrific news on its own terms. We need more U.S. public companies🚀🚀🚀

• @cjc Cristina Cordova on x

  The first thing I appreciated in Figma's S-1 was right at the start of @zoink's letter: “When Evan and I started Figma...” Too often, companies write departed founders out of a company's story. Dylan did the opposite — and that says a lot. [image]

• @jasonlk @jasonlk on x

  Figma at 25x revenue would actually be more “expensive” than recent IPOs ... but revenue quality is much, much higher Rule of 40 is ... 64 [image]

• @jasonlk @jasonlk on x

  🚨 FIGMA S-1 DROPPED 🚨 The numbers are ... strong: 📈 $821M LTM revenue (46% YoY growth) 💰 18% non-GAAP operating margin (turned profitable!)  🏦 $1.5B+ cash, ZERO debt 📊 91% gross margins (best-in-class SaaS) 🔄 132% net dollar retention (sticky AF) 🏢 78% of Forbes 2000 use Figma 📦 …

• @jasonlk @jasonlk on x

  The one risk? Growth is slowing as Figma crosses $1 Billion in ARR: [image]

• @jasonlk @jasonlk on x

  Where will it trade? 📊 Bear Case (15x): $13.7B ❌ 📈 Conservative (20x): $18.3B 🎯 Base Case (25x): $22.8B ✅ 🚀 Bull Case (30x): $27.4B 🌙 Euphoria (35x): $32.0B It's a very strong market. Don't bet against Eurphoria or Better at the end of the first day of trading. [image]

• @borrowed_ideas @borrowed_ideas on x

  $ADBE vs $FIG is going to be closely watched. $ADBE vs Canva is probably going to be even more relevant. [image]

• @peter @peter on x

  Impressive numbers from Figma's S-1. 91% gross margins, 132% NDR (sticky!), and turned themselves profitable. What a journey from the failed Adobe acquisition. Going to be a fun IPO to watch. [image]

• r/FigmaDesign r on reddit

  Figma Files Registration Statement for Proposed IPO |  Figma Blog