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

Figma, the cloud-based design tool, has announced that it will allow current investors, including employees, to sell their shares in a tender offer. The offer values the company at $12.5 billion, a 25% increase from its 2021 valuation. However, it is lower than the $20 billion acquisition offer made by Adobe in 2022, which was later called off. Figma expects the tender to be between $600 million and $900 million, with support from over 25 investors, including a16z, Sequoia, and Kleiner Perkins. Figma’s software is used by companies like Microsoft, Google, Oracle, and Salesforce.