Group 1 - Figma went public on July 31, 2023, on the New York Stock Exchange under the ticker "FIG," marking the largest IPO in the U.S. for the year, indicating a revival of investor interest in pure tech IPOs after years of stagnation [2][3] - The company issued 36.9 million shares at a price of $33, raising $1.22 billion, which was above the previously set range of $30 to $32, reflecting strong market demand for high-growth tech companies [2][3] - Figma's cloud design platform supports collaborative creation and editing of applications, websites, and software interfaces, with notable clients including ServiceNow, Workday, and SAP [3][4] Group 2 - As of Q1 2025, Figma reported 13 million monthly active users and approximately 450,000 customers, with 1,031 customers contributing at least $100,000 annually, a 47% increase from the previous year [4] - For the fiscal year 2024, Figma's revenue reached $749 million, a 48% year-over-year increase, while Q1 2025 revenue was $228 million, up 46% year-over-year, with a compound annual growth rate (CAGR) of 53% over the past four years [4] - Figma launched four new tools in May 2023, expanding its core product line from four to eight, focusing on no-code website building and other areas [4][5] Group 3 - Figma Make, an AI-driven tool, allows users to convert design ideas into interactive prototypes or web applications through chat interactions with AI, similar to other applications like Canva Code [5] - The CEO emphasized the increasing importance of design in software development and the evolving roles of designers, product managers, and developers, predicting more designers will take on leadership roles [5] - Figma has significantly increased its investment in AI, with R&D spending rising by 33% year-over-year, driven by personnel expansion and bonuses, and expects this investment to impact gross and operating margins in the short term [7][8]