Figma has filed for an initial public offering aiming to raise 1 billion USD, targeting a valuation of about 16.5 billion USD. This IPO, crucial for the tech market, follows a failed merger with Adobe and highlights Figma’s foray into cryptocurrencies.
Dylan Field, Figma’s CEO, stressed the importance of the IPO for increasing liquidity and transparency for stakeholders. Figma’s impressive Q1 revenue of 228 million USD reflects its growth, even amidst past financial challenges.
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