Figma has filed to go public on the New York Stock Exchange, setting the stage for a much-anticipated IPO in 2025. While the company did not disclose the target amount for the offering, it has made significant references to AI in its prospectus. The IPO comes as the market for venture-backed companies shows signs of strength. Figma's recent tender offer estimated its valuation at $12.5 billion, and it seeks to surpass the $20 billion valuation initially proposed by Adobe before regulatory issues halted that acquisition. Figma is committed to increasing its investments in AI, viewing it as crucial for its future growth.
Figma is moving towards a public listing, filing for an IPO with the aim of capitalizing on favorable market conditions for venture-backed companies.
The anticipated IPO could potentially exceed Adobe's $20 billion valuation, which was thwarted by regulatory challenges, especially in the U.K. last year.
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