Figma IPO: Can the Design Darling Take on Adobe at Scale?

Figma (NASDAQ: FIG) is set to go public on July 30. For the design software star, the public offering represents a long and winding path since Adobe's (NASDAQ: ADBE) $20 billion acquisition of the company was blocked in 2023 over regulatory pushback that the deal would suppress competition in the design software industry.After dealing with the setback and offering severance to workers who wanted to quit, Figma has added new artificial intelligence (AI) features and continued to deliver solid growth. On the eve of its initial public offering (IPO), Figma appears to be as strong as ever.The company competes with Adobe in design software, and it may be best known for user interface and user experience (UI/UX) design software, serving companies like Netflix, Uber Technologies, and Alphabet's Google. Figma's singular innovation is that it built design software within web browsers, rather than selling it separately as software, and its web-based applications have helped make its product successful and drive its growth. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool