Figma announced on Thursday that it will conduct a tender offer allowing investors, including current and former employees, to sell shares at a valuation of $12.5 billion. This marks a 25% increase from its 2021 fundraising valuation, yet falls short of Adobe Inc’s (NASDAQ:ADBE) $20 billion acquisition offer in 2022. Following regulatory hurdles, Adobe and Figma terminated their acquisition deal last December. The San Francisco-based startup anticipates the tender size will range between $600 mi
Adobe (ADBE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
(Bloomberg) -- 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.Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingSingapore Monitoring New Covid Wave as Infections RiseThe sale is expected to be as much as $900 million and will be avai