今年最爽的IPO来了！套现50亿，如今要自己上市了！

Core Insights - Figma's IPO was priced at $28 per share, resulting in a valuation of $16.4 billion, marking a significant financial milestone for the company and its founder Dylan Field [1][2] - The IPO saw a massive cash-out of approximately 5 billion RMB, with two-thirds of the 36 million shares sold by existing shareholders, including major investors like Index Ventures and Sequoia [2] - Adobe's failed acquisition attempt of Figma for $20 billion led to a $1 billion breakup fee, which Figma utilized to expand its workforce and invest in AI development [4][6] Company Performance - Figma boasts 13 million monthly active users, with over two-thirds being non-professional designers, contributing to a high gross margin of 91% [6] - The company has seen a revenue growth of 53% from non-designer users, indicating a successful multi-tiered pricing strategy [6] - Despite its success, Figma faces competition from emerging AI tools like Lovable, which threaten its user base and market position [7][9] Financial Strategy - Figma's strategic investment of $751 million in AI research reflects a 356% increase in R&D expenses, with one-third allocated to AI projects [7] - The company reported a net loss of $732 million in 2024, but turned profitable in the first quarter of the following year, showcasing its commitment to innovation [7] - The IPO valuation exceeded its previous private valuation of $12.5 billion, demonstrating strong investor confidence despite market volatility [2][4]