Figma, the platform that focuses on collaborative interface design, has filed for an preliminary public providing (IPO). The company will trade beneath the ticker image “FIG” because it prepares to “double down” on its investments in AI.
Figma was almost acquired by Adobe for $20 billion in 2022, however the two corporations scrapped the deal in 2023 after going through stress from regulators within the UK and the European Union. Final 12 months, Figma CEO Dylan Discipline hinted at going public final 12 months throughout an interview included in The Verge’s Command Line e-newsletter, saying, “There are two paths that venture-funded startups go down. You both get acquired otherwise you go public. And we explored completely the acquisition route.”
“We’re already investing closely in AI and we plan to double down much more on this space,” Discipline says within the submitting. “AI spend will probably be a drag on our effectivity for a number of years, however AI can be core to how design workflows will evolve going ahead.”