Previously, Adobe abandoned its $20 billion acquisition of design software startup Figma due to regulatory pressure. Now, Figma went public on the New York Stock Exchange on Thursday, July 31, with a fully diluted market capitalization now approaching $70 billion.
Figma went public on Thursday, July 31, bringing $1.8 billion in wealth to its co-founder and CEO Dylan Field. Image source: Gabriela Hasbun for Forbes
Original Title: "Regulators Obstruct, Wall Street Rebrands: The CEO of Design Software Startup Figma is Now a Billionaire"
In January 2024, when employees of the San Francisco design software startup Figma returned to the company after the Christmas holiday, they received some disappointing news. After enduring 15 months of difficult regulatory delays,