Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

FILE PHOTO: The Wall street sign hangs outside the New York Stock Exchange (NYSE) building on Tuesday following Monday’s broad sell off in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton/File Photo

(Reuters) -Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States, more than a year after a $20 billion deal to be acquired by Adobe was shelved due to regulatory roadblocks.

Figma had been widely considered as a candidate to go public after antitrust regulators in Europe and Britain blocked Adobe's deal in December 2023 in what would have been one of the biggest acquisitions of a software startup.