Figma, a software company specializing in UX/UI design, has filed its S-1 listing documents with the SEC to prepare to take the IPO route to the stock market, as reported last month.
The filing for Figma’s IPO comes 16 months after Adobe announced the cancellation of a $20 billion deal to acquire the company’s business at the end of 2023, resulting in a $1 billion penalty for Adobe.
With a recent business valuation of approximately $12.5 billion, Figma repurchased shares from investors towards the end of last year.
Source: CNBC
TLDR: Figma files for IPO after Adobe deal cancellation and repurchases shares from investors, with a current valuation of $12.5 billion.
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