What caught my attention is The initial public offering could value Figma at over $16 billion at the high end of the expected range of $25 to $28 per.
The design software company said it has authorized the issuance of "blockchain common stock" in the form of tokens.
In 2022, Adobe had agreed to acquire Figma for $20 billion, but the deal was scrapped after regulators objected, in this volatile climate. Dylan Field, co-founder and CEO of Figma Inc.
Nevertheless, , after the morning sessions at the Allen & Co (quite telling), in light of current trends. Media and nology Conference in Sun Valley, Idaho, on July 11, 2024.
On the other hand, Meanwhile, David Paul Morris | Bloomberg | Getty ImagesDesign software company Figma on Monday published an d spectus for its initial public offering, considering recent developments.
Moreover, The company said it expects to sell 37 million s at $25 to $28 each. That would generate as much as $1 billion in ceeds, between the company and selling holders.
However, The IPO could value Figma, led by co-founder Dylan Field, a fully diluted valuation of $14, amid market uncertainty. 6 billion to $16. On the other hand, Field plans to sell 2.
35 million s, which could be worth as much as $65. In a 2024 tender offer, investors valued the company at $12.
On the other hand, In 2022, Adobe had agreed to acquire Figma for $20 billion, but the deal was scrapped after regulators objected.
The flow of nology companies joining U, considering recent developments. Moreover, Exchanges has slowed since late 2021 (something worth watching), in today's financial world.
Concerns over inflation and a recession made some investors less interested in backing fast-growing but money-losing companies. However, But a few nology stocks have become available in recent months.
Additionally, CoreWeave went public in March, and Circle and Chime s started trading in June.
Read more CNBC newsPeter Thiel just bought a big stake in Tom Lee's ether company and the s are surgingNvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is liftedCrypto bounces on renewed optimism House could pass key stablecoin legislation this weekWhoop says FDA is 'overstepping its authority' with warning blood pressure featureFigma filed to go public on July 1, announcing plans to trade on the New York Stock Exchange under the symbol "FIG.
Conversely, "On Monday, it vided preliminary results for the second quarter, showing $9. 0 million to $12, considering recent developments.
0 million in operating income on $247 million to $250 million in revenue, in this volatile climate.
However, That would imply year-over-year revenue growth of 39% at the low end and 41% at the high end. Growth in the first quarter exceeded 46%.
During the second quarter, Figma added clients and expanded with existing ones.
The company's operating margin would be ticking up to 4% to 5%, up from 3% in the same quarter a year ago, based on the preliminary results, amid market uncertainty.
Figma said it has authorized the issuance of "blockchain common stock" in the form of "blockchain-based tokens. " So far, though, Figma said it isn't planning to issue this type of stock.
In July, Figma disclosed investments in a stablecoin and a Bitcoin exchange-traded fund.
Mike Krieger, a co-founder of Instagram who is now chief duct officer of artificial intelligence model developer Anthropic, has joined the board (something worth watching).
At the same time, Luis von Ahn, co-founder and CEO of Duolingo, is also joining the board, according to the filing (quite telling).
WATCH: Goldman Sachs' Stephan Feldgoise on M&A landscape: One of the highest $10B+ transaction years YTDwatch now5:2805:28Goldman Sachs' Stephan Feldgoise on M&A landscape: One of the highest $10B+ transaction years YTDSquawk Box2025 CNBC Disruptor 50: See the full list of companies leading new era of AI breakthroughs and richesCNBC.
Additionally, Com staffAnduril tops 2025 CNBC Disruptor 50 list as interest and investment in defense boomsJulia Boorstin2025 CNBC Disruptor 50: How we chose companies on this year's listDavid SpiegelRead More.