Archive · 2 Aug 2025
Figma's IPO Success: Regulatory Role in Blocking Adobe Deal
Figma, a design software company, had an IPO, selling stocks to the public.
This made the company worth a lot of money.
Before, Adobe wanted to buy Figma for $20 billion, but regulators stopped the deal.
These regulators, including Lina Khan, were concerned about reducing competition.
Figma's IPO was seen as a success, and Khan's stance led to this outcome.
Figma's IPO took place on July 31, 2025, on the New York Stock Exchange.
The IPO had an opening share price of $85, closing at $115.50.
Figma's market valuation reached $68 billion after the IPO.
Adobe's proposed $20 billion acquisition of Figma was blocked by regulators in 2023.
Lina Khan, former FTC chair, played a key role in the regulatory actions.
- Who
- Figma, Adobe, and regulators including Lina Khan.
- What
- Figma's successful IPO and its independence after regulators blocked Adobe's acquisition.
- When
- Figma went public on July 31, 2025.
- Where
- New York Stock Exchange.
- Why
- Regulators prevented the acquisition to maintain market competition.
Regulators' Stance
Adobe's Perspective
Innovation
Regulators' Stance
Maintaining competition in the market.
Adobe's Perspective
Acquisitions can foster innovation.
- Company
- Figma
- IPO Date
- July 31, 2025
- Market Valuation
- $68 billion
- Opening Share Price
- $85
- Closing Share Price
- $115.50
- Adobe Deal
- $20 billion (failed acquisition)
- Termination Fee
- $1 billion
