Figma files for IPO after collapse of $20bn Adobe takeover

  • Design software company Figma has filed for a stock market listing in the United States, less than a year after its proposed $20bn sale to Adobe Inc (NASDAQ:ADBE) was blocked by UK competition regulators. The San Francisco-based group reported first-quarter revenue of $228.2 million, up 46% on the year, and net income of $44.9 million.