Figma, the platform that focuses on collaborative interface design, has filed for an preliminary public providing (IPO). The corporate will commerce below the ticker image “FIG” because it prepares to “double down” on its investments in AI.
Figma was practically acquired by Adobe for $20 billion in 2022, however the two firms scrapped the deal in 2023 after dealing with stress from regulators within the UK and the European Union. Final yr, Figma CEO Dylan Subject hinted at going public final yr throughout an interview included in The Verge’s Command Line publication, saying, “There are two paths that venture-funded startups go down. You both get acquired otherwise you go public. And we explored totally the acquisition route.”
“We’re already investing closely in AI and we plan to double down much more on this space,” Subject says within the submitting. “AI spend will doubtlessly be a drag on our effectivity for a number of years, however AI can also be core to how design workflows will evolve going ahead.”
