Latham & Watkins Advises on Figma’s US$1.2 Billion Initial Public Offering

Figma, a design and product development platform — where teams come together to turn ideas into the world’s best digital products and experiences, has announced the pricing of its initial public offering of 36,937,080 shares of Class A common stock at a public offering price of US$33.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 31, 2025, under the ticker symbol "FIG." The offering is expected to close on August 1, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by partners Rick Kline and Richard Kim, with associates Annie Kim, Chelsi DeTurk, and Keran Huang. Advice was also provided on tax matters by partner Katharine Moir, with associate Dennis Poehland; on benefits matters by partner Maj Vaseghi, with associate Will Fowler; on intellectual property matters by partner Michelle Gross, with associates Fiona Gillan and Karen Sung; on data privacy and cybersecurity matters by partner Robert Blamires and counsel Danielle van der Merwe, with associates Kathryn Parsons-Reponte and Edgar Lee; on government contracts matters by partner Dean Baxtresser, with associate Chris Caulder; and on trade and sanctions matters by associates Thomas Lane, Amaryllis Bernitsa, Eric Green, and Monica Calce.