Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.
Figma, the cloud-based design tool, said Thursday it will allow current investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion.
The new valuation is up 25% from the valuation at which the company fundraised in 2021, but below the $20 billion that Adobe offered to purchase the company for in 2022. Figma said it expects the size of the tender to be between $600 million and $900 million, with support from more than 25 new and current investors, such as a16z, Sequoia and Kleiner Perkins.
Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion.The San Francisco-based startup expects the size of the tender to be between $600 million and $900 million, with support from more than 25 current and new investors. A16z, Sequoia and Kleiner Perkins are participating in the offer.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuationFigma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.
Read more »
Fortune Minerals secures $12 million in Canada, US gov’t fundingsNo 1 source of global mining news and opinion
Read more »
Crypto Exchange Nexo Turns Six, Announces $12 Million Token HuntNexo, one of largest cryptocurrency ecosystems, launches promo campaign to celebrate its sixth anniversary
Read more »
Nexo Celebrates 6th Birthday with $12 Million Token AirdropExplore Nexo's ambitious $12 million Token Airdrop as it celebrates its 6th anniversary.
Read more »
Wiz’s $12 Valuation Steals The RSA Conference Buzz, Amid VC ResetR. Scott Raynovich is the Founder and Chief Analyst of Futuriom, an independent cloud technology analysis firm. He has been following technology markets as an analyst and writer for 25 years. In the past he was a partner and Editor in Chief of Light Reading (Lightreading.
Read more »
Shoppers in Their 70s Say This Now-$12 Under-Eye Cream “Keeps Wrinkles Away”L'Oréal Paris Eye Defense Eye Cream is on sale at Amazon for $12. Grab the under-eye treatment shoppers say smoothed their under-eyes, made dark circles brighter, and helped reduce wrinkles.
Read more »