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.
Sentiment: NEUTRAL
Tickers: ORCL, ABNB, ADBE, MS, CRM, GOOGL, DBX, MSFT,
Keywords: dropbox inc, oracle corp, technology, microsoft corp, breaking news: technology, san francisco, airbnb inc, business news, salesforce inc, artificial intelligence, generative ai, adobe inc., alphabet inc,
Source: https://www.cnbc.com/2024/05/16/figma-tender-offer-values-company-at-12point5-billion.html