Thursday, 17 April, 2025

Figma Files Confidential IPO Amid Market Volatility Following Adobe Deal Collapse

Figma, the collaborative design software company, has confidentially filed for an initial public offering (IPO) in the U.S., marking a significant step after its $20 billion acquisition deal with Adobe fell through in 2023 due to regulatory challenges. Despite a turbulent market influenced by trade policies and tariffs, Figma proceeds with its IPO plans. The company was last valued at $12.5 billion in May 2024 following a secondary funding round.