Figma files for NYSE debut as tech IPO market gains steam
- On July 1, Figma filed for an IPO on the NYSE under 'FIG' following the collapse of a $20 billion Adobe deal.
- Following Adobe's failed $20 billion acquisition due to regulatory objections, Figma decided to pursue an IPO as a strategic alternative.
- Figma's Q1 revenue increased 46% to $228.2 million, with net income rising to $44.9 million and 1,031 customers contributing at least $100,000 annually, demonstrating strong growth.
- The venture-backed IPO market improves, with CoreWeave up 290% and Circle up 519%, boosting Silicon Valley investor returns, as Figma's IPO signals renewed market momentum.
- Post-IPO, Dylan Field maintains majority voting control through super-voting shares and plans to pursue large-scale acquisitions and generative AI-driven growth.
38 Articles
38 Articles
Figma files for IPO nearly two years after $20 billion Adobe buyout fell through
About a year and a half after Adobe’s attempted $20 billion acquisition of design software unicorn Figma collapsed, Figma has taken a step towards a new future in the public markets. On Tuesday, when the company filed paperwork to go public on the New York Stock Exchange, in a prospectus larded with more than 200 references to AI, Figma set the stage for one of the most anticipated IPOs of 2025. The San Francisco-based company, which will trad…
Figma is going public
Figma, the platform that specializes in collaborative interface design, has filed for an initial public offering (IPO). The company will trade under the ticker symbol “FIG” as it prepares to “double down” on its investments in AI. Figma was nearly acquired by Adobe for $20 billion in 2022, but the two companies scrapped the deal in 2023 after facing pressure from regulators in the UK and the European Union. Last year, Figma CEO Dylan Field hinte…
Figma files to go public on the NYSE as ‘FIG’
The collaborative design tool Figma continues its march toward going public in one of the most highly anticipated IPOs in the history of design software. Wasting no time licking its wounds after European regulators blocked its $20 million acquisition by Adobe in late 2023, Figma quietly filed its S-1 paperwork with the Securities and Exchange Commission (SEC) in April. Now, it’s announced that the S-1 has been made available to the public. That …
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