Figma, the collaborative online design software maker, is allowing employees and early investors to sell up to $900 million in shares through a tender offer. This secondary offering values the company at $12.5 billion, a significant decrease from Adobe's $20 billion acquisition proposal that collapsed in December. The new valuation is up 25% from the valuation at which the company fundraised in 2021. The tender offer is backed by Fidelity and other investors. The deal represents one of the largest secondary offerings and includes a 40% discount compared to Adobe's proposal. Valuation analysis using Canva’s multiple puts Figma just under $12 billion.
Design startup Figma is pursuing a secondary share sale at a $12.5 billion valuation after its proposed acquisition by Adobe fell apart in December. https://t.co/gGq4kZyh5w
Wow 40% discount secondaries. Better than I think what most thought - so still a nice little premium to cash out now. "Figma is finalizing a $600-900M stake sale at a $12.5 billion valuation after its $20 billion acq to Adoba fell through"
After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation. The new valuation is up 25% from the valuation at which the company fundraised in 2021, but below the $20 billion that Adobe offered to purchase the company for in 2022.
Figma, the collaborative online design software maker, is doing a tender offer for investors and employees at a $12.5 billion valuation. https://t.co/Hrzau9pcSU
Figma valued at $12.5 billion in tender offer backed by Fidelity, others https://t.co/Q7CNFEPyYI https://t.co/sy5VJVNI5m
The part of my brain (and heart) that nerds out over the terms and numbers behind deals is ABUZZ. The latest on Figma from @coryweinberg https://t.co/GZwsQAcVJ4
Figma letting employees and early investors sell shares at $12.5B My valuation analysis below using Canva’s multiple put them just under $12B Data don’t lie https://t.co/17p6WbCJuR
Figma is letting staff and early investors sell up to $900M of shares in a tender at a $12.5B valuation, down ~38% from Adobe's $20B acquisition proposal (@coryweinberg / The Information) https://t.co/avkGOzulUk 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ocFMWDvpzL
Figma is allowing employees and early investors to sell up to $900 million in shares, one of the largest in a string of big secondary offerings. https://t.co/aXeg1RrPMI By @coryweinberg
After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation https://t.co/5pM8k4ZifV