The Big IPO Everyone’s Talking About
Let’s cut to the chase—Figma’s IPO is the tech event of 2025. After years of speculation, the cloud-based design platform is finally going public, and investors are scrambling to figure out: Is Figma stock a buy? And what could it be worth in 2026, 2028, or even 2030?
With insane revenue growth (48% YoY!), 91% gross margins, and a failed $20B Adobe takeover that now looks like a blessing in disguise, Figma has all the makings of a potential multibagger. But how high can it really go? Let’s break it down.
Figma Share Price Forecast: 2025-2030
(All prices in USD)
| Year | Low Estimate | High Estimate | What Could Drive the Price? |
| 2025 (IPO) | $60 | $130 | Hype, strong SaaS metrics, AI buzz |
| 2026 | $90 | $180 | Enterprise adoption, AI features |
| 2028 | $150 | $400 | Market dominance, possible M&A |
| 2030 | $250 | $600+ | Global expansion, next-gen design tools |
Key Notes:
- IPO range is wide ($60-$130) because nobody knows how crazy the market will get
- 2026+ targets are extrapolated from growth rates—actuals depend on execution
- Bull case assumes Figma becomes the design OS for companies worldwide
The Graph Every Investor Wants to See
(Scenarios: IPO, Base Case, Bull Case)
$700 ┤
┤ *** (Bull Case: $600+)
$500 ┤ *
┤ *
$300 ┤ *
┤ * (Base Case: $250–$400)
$100 ┤ *
┤ * (IPO: $60–$130)
$0 └───────────────────────────────────────────────►
2025 2026 2028 2030
(Projected Growth Curve – Conservative vs. Optimistic Scenarios)
Why Figma Could Skyrocket (5 Key Reasons)
1. Revenue Growth That Would Make SaaS Companies Jealous
- 2024 Revenue: $749M (up 48% from 2023)
- Q1 2025 Revenue: $228M (another 46% spike)
- Rule of 40 Score: 64 (growth + profitability = investor catnip)
2. Profit Margins Even Apple Would Nod At
- 91% Gross Margins (software scales beautifully)
- Net income turning positive ($44.9M in Q1 2025)
3. The Adobe Rejection Looks Genius Now
- Remember when Adobe tried to buy Figma for $20B? Regulators blocked it.
- Now Figma’s IPO could value it at $25B+—and it keeps all future upside.
4. AI Is About to Supercharge Design Work
- CEO Dylan Field teased “AI-assisted design” tools post-IPO
- Imagine: “Figma AI” that auto-generates UI mockups = game changer
5. $1.5B War Chest for Acquisitions
- IPO money will fund takeovers of smaller design/AI tools
- Could pull a Adobe-Figma move… but in reverse
The Risks You Can’t Ignore
❌ Post-IPO Volatility
- Many SaaS stocks crash after lockup periods expire (employees sell)
❌ Microsoft & Adobe Won’t Sit Still
- Adobe XD and Microsoft Designer will keep improving
❌ Valuation Could Get Frothy
- At 20-25x revenue, bad quarters could trigger big drops
Should You Buy? 3 Types of Investors
| Investor Type | Strategy | Risk Level |
| IPO Flippers | Buy at $60-$80, sell if it pops 50%+ | 🎢 High |
| Growth Holders | Keep for 2-3 years betting on AI expansion | ⚖️ Medium |
| Long-Term Believers | Hold until 2030 for “next Adobe” potential | 🐢 Lower |
My Take? If you missed Shopify or Zoom IPOs, this has similar vibes—but don’t go all-in at opening bell.
Final Verdict: Design Your Portfolio Carefully
Figma isn’t just another SaaS stock—it’s the platform where 10M+ designers spend their workdays. If it nails AI and enterprise sales, $500/share by 2030 isn’t crazy. But tech IPOs are rollercoasters.
Watch These Catalysts:
- First earnings call post-IPO (look for >40% revenue growth)
- AI feature launches in late 2025
- Any major acquisitions
What do you think? Buying the IPO or waiting for a pullback? Drop a comment below!
(Disclaimer: Not financial advice. I’m just a designer who lost sleep over this IPO.)
