Figma Sets $12.5B Valuation in New Equity Offering, Falling Short of Adobe's Acquisition Offer
Portfolio Pulse from Anusuya Lahiri
Figma announced a new equity offering at a $12.5 billion valuation, which is lower than Adobe's previous $20 billion acquisition offer. The tender offer will allow investors, including employees, to sell shares, and is backed by over 25 investors. Adobe and Figma terminated their acquisition deal last December due to regulatory hurdles. Figma's tools are widely used by major corporations like Microsoft, Google, Oracle, and Salesforce.
May 17, 2024 | 12:44 pm
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NEGATIVE IMPACT
Adobe's previous $20 billion acquisition offer for Figma was terminated due to regulatory hurdles. Figma's new valuation is significantly lower.
The termination of the acquisition deal and the lower valuation of Figma could be seen as a setback for Adobe, potentially impacting its stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Salesforce is a user of Figma's design tools.
Salesforce's use of Figma's tools is a minor detail and does not significantly impact Salesforce's stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Google is a user of Figma's design tools.
Google's use of Figma's tools is a minor detail and does not significantly impact Google's stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Google is a user of Figma's design tools.
Google's use of Figma's tools is a minor detail and does not significantly impact Google's stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Microsoft is a significant user of Figma's design tools, investing millions annually in the software.
Microsoft's investment in Figma's tools is a positive aspect, but the news about Figma's valuation and Adobe's terminated acquisition has a neutral impact on Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Oracle is a user of Figma's design tools.
Oracle's use of Figma's tools is a minor detail and does not significantly impact Oracle's stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30