Latham & Watkins advised the underwriters on Figma’s US$1.2 billion initial public offering
The leading international law firm Latham & Watkins LLP advised the underwriters in connection with the US$1.2 billion initial public offering of Figma, a design and product development platform that enables teams to collaborate and turn ideas into leading digital products and experiences.
The offering comprised 36,937,080 shares of Class A common stock priced at 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 customary closing conditions.
The Latham & Watkins team advising the underwriters was led by Rick Kline (Partner, Capital Markets) and Richard Kim (Partner, Capital Markets), with support from Annie Kim (Associate), Chelsi DeTurk (Associate), and Keran Huang (Associate). Katharine Moir (Partner, Tax), with Dennis Poehland (Associate), advised on tax matters. Maj Vaseghi (Partner, Benefits), with Will Fowler (Associate), advised on benefits aspects. Michelle Gross (Partner, Intellectual Property), with Fiona Gillan (Associate) and Karen Sung (Associate), advised on IP matters. Robert Blamires (Partner, Data Privacy & Cybersecurity) and Danielle van der Merwe (Counsel), with Kathryn Parsons-Reponte (Associate) and Edgar Lee (Associate), advised on data privacy and cybersecurity aspects. Dean Baxtresser (Partner, Government Contracts), with Chris Caulder (Associate), advised on government contracts matters. Thomas Lane (Associate), Amaryllis Bernitsa (Associate), Eric Green (Associate), and Monica Calce (Associate) advised on trade and sanctions aspects.
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