Figma is headed to the public markets nearly two years after its $20 billion sale to Adobe fell apart under regulatory scrutiny. The design software company filed its S-1 on Tuesday, disclosing strong revenue growth, a profitable business model (minus one-time stock-based compensation costs), and a sharp focus on artificial intelligence as both a competitive moat and operational risk.
The San Francisco-based company will list on the New York Stock Exchange under the ticker “FIG,” aiming to raise up to $1.5 billion in what could become one of the largest tech IPOs of the year. While pric
