Design Startup Figma Valued at $12.5 Billion in Secondary Share Sale
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Design startup Figma Inc. is pursuing a secondary share sale at a $12.5 billion valuation after its proposed acquisition by Adobe Inc. fell apart in December.
The sale is expected to be as much as $900 million and will be available to current and former employees or other holders of Figma equity, the San Francisco-based company said Thursday in a statement. “We are pursuing this tender offer to build on our strong business momentum and capitalize on strong investor interest in Figma’s vision of serving end-to-end product development,” the spokesperson said.