Figma has officially made its mark, announcing its initial public offering (IPO) and emerging as a public company with an impressive $60 billion valuation.
The San Francisco-based design software pioneer’s shares skyrocketed on its debut trading day, Friday, August 1, 2025, at 09:13 PM CEST, reflecting robust investor confidence. Meanwhile, Adobe’s stock (ADBE) has taken a sharp downturn, currently trading at $349.254, down from its previous close of $357.69, signaling a seismic shift in the market following Figma’s independence from a failed acquisition.
The saga traces back to December 2023, when Adobe’s $20 billion attempt to acquire Figma unraveled due to intense pressure from antitrust regulators in Europe and the UK.
The proposed deal, which would have been a landmark software merger, was blocked over competition concerns, leading Adobe to pay a $1 billion breakup fee. Figma, unshackled by the collapse, seized the moment to go public, achieving a valuation triple what Adobe had offered—a testament to its rapid growth and market appeal.
Figma’s IPO has been a resounding success, with shares surging past projections. The company’s collaborative design platform, bolstered by AI-driven features like Figma Make, has captivated investors, pushing its value to $60 billion, far exceeding its $12.5 billion valuation from a 2024 tender offer.
In contrast, Adobe’s stock struggles, reflecting investor anxiety over losing a potential industry leader to regulatory setbacks and the rise of a formidable rival. Adobe’s market cap now stands at $154.4 billion, dwarfed by Figma’s upward trajectory, which saw a 46% revenue jump to $228.2 million in Q1 2025.
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For Adobe shareholders, the fallout carries a bitter sting of FOMO (fear of missing out). The failed acquisition looms large as Figma’s triumph highlights a missed opportunity that could haunt them for years. The market’s contrasting fortunes underscore a pivotal moment in tech, where innovation and regulatory dynamics are reshaping corporate landscapes. As Figma’s stock climbs and Adobe’s dips, the design software rivalry intensifies, leaving investors to ponder the cost of what might have been.
