<ul data-eligibleForWebStory="true"><li>Figma Inc. has made details of its planned initial public offering (IPO) public by publishing its S-1 paperwork with the U.S. Securities and Exchange Commission after initially filing confidentially on April 15.</li><li>Founded in 2012, Figma provides cloud-based tools for design and development, including Figma Design for crafting user interfaces and FigJam for collaborative brainstorming and planning.</li><li>Following a failed acquisition attempt by Adobe for $20 billion in 2023, Figma raised undisclosed funding in July 2024 and now reveals impressive financial figures, including $228.2 million in revenue in the first quarter and a growing customer base.</li><li>With strong financials and market conditions currently favorable for tech IPOs, Figma aims to capitalize on this momentum as it enters the market, alongside successful recent tech IPOs like eToro, Circle Internet Group, and Chime Financial.</li></ul>

Figma makes IPO plans public following earlier confidential SEC filing

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