Figma Confidentially Files For IPO After Adobe Deal Collapses
Figma has made a significant move by confidentially filing for an IPO with the SEC, more than a year after ditching a $20 billion acquisition deal with Adobe due to regulatory issues. The company’s popular software is widely used among designers for collaborating on app and website prototypes, and it was valued at $12.5 billion in a 2024 tender offer.
Key Points
- Figma has filed for an IPO following the abandonment of a major acquisition by Adobe.
- The company’s software is heavily utilised by designers for collaborating on prototypes.
- Figma was valued at $12.5 billion in a recent tender offer, showcasing its market potential.
- The IPO filing comes during a lull in the tech IPO market since late 2021.
- Co-founder Dylan Field highlighted two paths for startups: being acquired or going public.
Why should I read this?
This is a must-read if you’re keen on the shifting landscape of tech companies going public, especially with Figma’s impressive background and the complexities surrounding their previous Adobe deal. It’s not just about numbers; this move could signify a resurgence in the tech IPO scene and offer insights into strategies for startups in navigating acquisitions versus independence.