TECH - Figma Sets $12.5B Valuation in New Equity Offering Falling Short of Adobe's Acquisition Offer | Benzinga
Figma announced on Thursday that it will conduct a tender offer allowing investors, including current and former employees, to sell shares at a valuation of $12.5 billion.
This marks a 25% increase from its 2021 fundraising valuation, yet falls short of Adobe Inc’s (NASDAQ:ADBE) $20 billion acquisition offer in 2022.
Following regulatory hurdles, Adobe and Figma terminated their acquisition deal last December.
The San Francisco-based startup anticipates the tender size will ...