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After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation - TL;DR CNBC

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

Publishing timestamp: 2024-05-16 15:57:50


Summary

Cloud-based design tool company Figma is allowing current investors to sell their shares in a tender offer that values the company at $12.5 billion, up 25% from its 2021 valuation but below the $20 billion acquisition offer from Adobe in 2022. The company expects the tender size to be between $600 million and $900 million with support from over 25 investors.


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Keywords: dropbox incoracle corptechnologymicrosoft corpbreaking news: technologysan franciscoairbnb incbusiness newssalesforce incartificial intelligencegenerative aiadobe inc.alphabet inc

Source: https://www.cnbc.com/2024/05/16/figma-tender-offer-values-company-at-12point5-billion.html


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