Originally planned to be acquired by Adobe for $200 billionFigma, a design software developer, recently closed its acquisition after regulatory pressure led to the collapse of the acquisition.Officially restart the IPO plan, and announced on the evening of July 7th, US time, that the stock would be priced at US$30 per share and listed on the New York Stock Exchange with the stock code "FIG". The public offering aims to raise US$33 billion, which will bring the market valuation to US$12 billion.
According to the prospectus submitted by Figma, the funds raised from this IPO will mainly be collected by existing shareholders, and major investors can choose to cash out through the IPO. It also reflects that the capital market still has confidence in Figma after the failure of its acquisition by Adobe in 2023.
Figma was founded in San Francisco in 2012 by founders and CEOs Dylan Field and Evan Wallace. Figma is a cloud-based collaborative design platform that allows users to design, prototype, and collaborate in real time directly in their browsers. Its products have quickly gained popularity among designers worldwide. Figma currently has offices in France, Germany, Japan, Singapore, and the UK, and has a broad user base of both businesses and individuals.
Adobe originally announced its $2022 billion acquisition of Figma in 200, emphasizing its strategic integration value for cloud collaboration and creative workflows. However, the deal sparked scrutiny and questioning from regulators in the United States, Europe, and elsewhere, ultimately ending in 2023.
Although Adobe paid Figma a penalty of up to $10 billion, the failed acquisition unexpectedly gave Figma more market exposure and paved the way for its subsequent independent development.
在財務表現方面，Figma於截至今年6月的季度中營收介於2.47億至2.5億美元，相較去年同期的1.772億美元增加約40%，而營業利益則介於虧損50萬美元至盈餘250萬美元之間，相較去年同期因大量股票基礎薪酬導致的8.94億美元虧損大幅改善。
In addition, in the March quarter of this year, Figma's revenue increased by 3% year-on-year to US$46 million, and its net profit reached US$2.282 million, almost three times the growth rate compared with the same period last year, reflecting the steady expansion of its business model and cloud subscription revenue.
In terms of shareholding structure, CEO Dylan Field remains the largest individual shareholder, holding 5660 million shares and exercising voting control over an additional 2670 million shares. Index Ventures is the largest institutional investor, holding 6590 million shares, representing 17% of the total pre-IPO shares. US venture capital firm Greylock Partners holds 16%, US investment firm Kleiner Perkins holds 14%, and renowned venture capital firm Sequoia Capital holds 8.7%.
Figma's successful IPO also provides a boost to the recent tech IPO market. While tech companies like Circle and CoreWeave have successfully listed, the overall IPO market remains relatively conservative. Figma, with its steadily growing revenue and improving profitability, coupled with its unique positioning as a collaborative design platform, has become a highly anticipated representative of the new economy.
