FIGS Inc. is a US-based medical apparel company that offers comfortable, stylish, and functional clothing to healthcare professionals. The company was founded in 2013 by Heather Hasson and Trina Spear with a mission to revolutionize the medical scrubs industry. FIGS' garments are made with proprietary fabrics that are antimicrobial, wrinkle-resistant, moisture-wicking, and provide four-way stretch. Their products include scrubs, lab coats, underscrubs, and accessories such as compression socks and face masks.
FIGS started as an e-commerce business and quickly gained a following within the healthcare community. The company has since expanded its reach by partnering with hospitals, clinics, and medical schools to provide branded scrubs and uniforms for their staff. In addition to the US market, FIGS has also expanded to Canada, the UK, and Australia.
FIGS went public on May 27, 2021, under the ticker symbol "FIGS" on the New York Stock Exchange. The company raised $580 million in its initial public offering (IPO), selling 26.4 million shares at $22 each, above the expected range of $16-$19 per share. The successful IPO valued FIGS at $4.57 billion, making it one of the largest US retail IPOs in recent years.
The company's growth has been driven by its focus on customer experience and a unique brand identity that resonates with healthcare professionals. FIGS has also been committed to giving back to the medical community, donating scrubs and other supplies to healthcare workers during the COVID-19 pandemic.
As of 2021, FIGS has over 1.5 million customers and more than 500,000 social media followers. The company has been recognized for its innovative approach to healthcare apparel, including being named to Fast Company's "Most Innovative Companies" list in 2020 and 2021.