"Figma has confidentially filed for an IPO amid a turbulent stock market, raising questions about the timing given the current climate of uncertainty."
"The design software startup was last valued at $12.5 billion, down from a potential acquisition deal with Adobe worth $20 billion that fell through."
Figma, a design software startup, has filed confidential paperwork for an IPO, though uncertain market conditions pose challenges. Despite being valued at $12.5 billion in May, the company navigates a precarious landscape where other expected IPOs have stalled due to volatility. This decision follows a failed acquisition attempt by Adobe worth $20 billion, thwarted by regulatory issues. The tech landscape is marked by hesitation, especially amidst fluctuating perceptions of Trump's trade policies impacting investor sentiment.
Read at TechCrunch
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