Figma's Epic Comeback: From a $20 Billion Deal Collapse to a Stunning IPO Triumph
The New York Times1 day ago
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Figma's Epic Comeback: From a $20 Billion Deal Collapse to a Stunning IPO Triumph

Startup Success Stories
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ipo
design
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Summary:

  • Figma was on the verge of a $20 billion sale to Adobe before regulatory hurdles halted the deal

  • The startup successfully went public on July 31, 2025, with shares closing at $115.50, up 250% from its IPO price

  • Figma's market capitalization reached $67.7 billion, more than triple Adobe's initial offer

  • This turnaround story highlights resilience and strategic pivoting in the face of adversity

Three years ago, Figma, a San Francisco-based technology startup known for its innovative design platform, was on the brink of a monumental $20 billion acquisition by Adobe. However, the deal fell through due to regulatory scrutiny from the European Union, British, and American authorities, leaving Figma to navigate its future independently.

Fast forward to July 31, 2025, Figma made a remarkable comeback by going public on the New York Stock Exchange. The company's shares soared, closing at $115.50, a staggering 250% increase from its initial public offering price of $33. This surge catapulted Figma's market capitalization to an impressive $67.7 billion, significantly surpassing the $20 billion Adobe had previously offered.

Figma’s co-founder and chief executive, Dylan Field, with a hand on his right shoulder, before ringing the bell at the New York Stock Exchange on Thursday.

This event marks a pivotal moment in Figma's journey, showcasing its resilience and ability to thrive despite earlier setbacks. The company's success story serves as an inspiration for startups worldwide, demonstrating the potential for recovery and growth even when faced with significant challenges.

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