Figma, a cloud -based design platform, met with investment banks in recent weeks to discuss an initial public offer that could come just this year, two people with knowledge of the subject reported.
In 2023, European regulators and US regulators destroyed an effort from the Adobe software to buy Figma for $ 20 billion. Figma CEO Dylan Field said the regulatory control meant that another sale was probably from the table.
Many bankers were expected by the antitrust inspectors under President Trump to adopt a Laxer approach for mergers and acquisitions than those of the Biden administration. But in January, the Ministry of Justice prevented an agreement between Hewlett Packard Enterprise and Juniper Networks, indicating continuous control.
Many technology companies seem to be possible in public. Coreweave, a cloud computing service provider for artificial intelligence, has submitted a bid and is going to try Wall Street’s appetite for companies related to the AI. Discord, a social conversation application and Stubhub, a ticket software company, are in early discussions about a possible public offer this year.
A Figma spokesman refused to comment. Mr Field said at a conference last year that the company was on a march to the public.
Founded in 2012 in San Francisco, Figma offers free tools and services based on clouds for designers and developers. He accepted the offer of Adobe’s $ 20 billion in 2022, with Adobe later paying Figma a $ 1 billion dissolution fee when the deal ran.
Figma then increased additional funding from investors, including Coatue and General Catalyst to valuation of $ 12.5 billion.
In recent years, Figma has aimed to expand its product offers and work on AI tools. Its products include an electronic Whiteboard tool, Figjam, for users to reflect and work together in different projects and figma slides, a Powerpoint product for presentations. In 2023, the company introduced its first hardware product, a designer keyboard to plan shortcuts in their most commonly used design tools.
The products have helped feed Figma’s business worldwide. More than 85 percent of weekly active users are outside the United States, according to Figma, and more than half of its revenue comes from international customers.
Figma said she wants to continue to expand beyond designers. About two -thirds of its customers recognize as something different from designers and one third of the users base are software developers.
Figma has opened offices in New York, London, Tokyo, Paris and Berlin in recent years. Has more than 1,400 employees.
