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Fortune

Allie Garfinkle

Figma files for IPO nearly two years after $20 billion Adobe buyout fell through

Figma Dylan Field Adobe FIG IPO Evan Wallace

(Credit: Kimberly White—Getty Images/TechCrunch)

About a year and a half after Adobe’s attempted $20 billion acquisition of design software unicorn Figma collapsed, Figma has taken a step toward a new future in the public markets.

On Tuesday, when the company filed paperwork to go public on the New York Stock Exchange, in a prospectus larded with more than 200 references to AI, Figma set the stage for one of the most anticipated IPOs of 2025.

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One subscription that gives you access to news from hundreds of sites

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Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

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