According to The Verge, the well-known collaborationInterface Design Platform Figma The company has recently filed for an initial public offering (IPO) and will use 'FIG' as its ticker symbol, while increasing its investment in AI.
The report noted that Figma had been acquired by Adobe for $22 billion in 2022, but the deal was ultimately canceled in 2023 after pressure from regulators in the European Union and the United Kingdom.
It's worth noting that Figma CEO Dylan Field revealed in an interview last year:"Venture-backed startups have two ways to go, either by being acquired or by going public.Listing, and we have completely abandoned the acquisition route."
Figma reportedly filed for an IPO in April of this year, and the filing shows that the company's revenue soared to $228 million from $156 million a year earlier. Figma also expanded its platform's tool library this year, adding a number of new AI tools and allowing access to AI models.