Figma Files for IPO After Scrapped $20B Adobe Deal
Figma, the collaborative interface design platform, has officially filed for an initial public offering on the New York Stock Exchange under the ticker symbol "FIG." This MOVE comes after Adobe's $20 billion acquisition deal collapsed in 2023 due to regulatory hurdles in the EU and UK.
The company reported a 46% year-over-year revenue surge, reaching $228.2 million in Q1 2025, driven by AI-powered product expansion and enterprise adoption. CEO Dylan Field emphasized AI's central role in Figma's future, despite potential short-term efficiency trade-offs.
With the acquisition shelved, Figma now charts an independent course in a competitive landscape, leveraging its strong financial performance and technological edge to attract public market investors.
