Cloud-based designer platform Figma on Tuesday confidentially filed for an preliminary public providing within the United States, greater than a yr after a $20 billion deal to be acquired by Adobe was shelved attributable to regulatory roadblocks.
Figma had been extensively thought of as a candidate to go public after antitrust regulators in Europe and Britain blocked Adobe’s deal in December 2023 in what would have been one of many greatest acquisitions of a software program startup.
Last yr, Figma was valued at $12.5 billion after it closed a deal to permit its staff and early buyers to promote their stake to new and present buyers.
The U.S. IPO market, which made a powerful comeback final yr from a slew of high-profile listings, has been rattled by market volatility stemming from tariff-related uncertainty, with firms adopting a wait-and-see strategy earlier than continuing with their inventory market debuts.
“Sentiment for the IPO market is relatively low and has been dampened by heightened market volatility stemming from a lack of policy clarity. Over the past few months, we saw a string of tech startups filing to go public, but many subsequently put their IPO plan on hold,” stated Kaidi Gao, senior VC analyst at PitchBook.
Figma, a design platform with each free and paid choices, is used to create, share and check designs for web sites, cellular apps and different digital merchandise, boasts prospects comparable to Adobe, Uber, Spotify and Alphabet’s search-engine big Google.
The firm, co-founded by tech govt Dylan Field in 2012, is money movement optimistic and has expanded its choices to incorporate a broader platform for workforce collaborations with synthetic intelligence options.
Published – April 16, 2025 11:45 am IST
