Figma’s recent initial public offering (IPO) has not only marked a significant milestone for the design software company but also brought substantial financial gains to its legal counsel, Fenwick & West LLP. The law firm, which guided Figma through its IPO process, holds 866,138 shares of Figma’s Class A common stock. At the IPO price of $33 per share, this stake was valued at approximately $28.6 million. However, with Figma’s stock closing at $115.50 on its first trading day, the value of Fenwick & West’s holdings surged to nearly $100 million. ([news.bloomberglaw.com](https://news.bloomberglaw.com/environment-and-energy/figmas-big-ipo-reveals-fenwick%E2%80%99s-%2430-million-equity-stake?utm_source=openai))
In addition to its equity stake, Fenwick & West received nearly $5.6 million in legal fees and expenses for its role in Figma’s IPO. ([news.bloomberglaw.com](https://news.bloomberglaw.com/environment-and-energy/figmas-big-ipo-reveals-fenwick%E2%80%99s-%2430-million-equity-stake?utm_source=openai))
Figma’s IPO was a standout event in the tech industry, especially considering the company’s journey. In 2022, Adobe attempted to acquire Figma for $20 billion, but the deal was abandoned in 2023 following regulatory challenges. ([cnbc.com](https://www.cnbc.com/2025/07/31/figma-fig-starts-trading-on-nyse-after-ipo.html?utm_source=openai))
Founded in 2012, Figma has evolved into a leading design and product development platform, boasting over 13 million monthly users. The company’s successful IPO and subsequent stock performance underscore its strong market position and the growing demand for collaborative design tools. ([cnbc.com](https://www.cnbc.com/2025/07/31/figma-fig-starts-trading-on-nyse-after-ipo.html?utm_source=openai))
For Fenwick & West, the financial rewards from Figma’s IPO highlight the potential benefits for law firms that invest in their clients. This case exemplifies how strategic partnerships and equity stakes can lead to significant returns, especially when aligned with a client’s success in the public markets.