Figma in conversations with bankers to explore an opi this year

Figma, a cloud -based design platform, has met with investment banks in recent weeks to discuss an initial public offer that could come as soon as this year, two people said with knowledge of the matter.

In 2023, European and American regulators hindered an effort from the adobe software giant to buy Figma for $ 20 billion. The executive director of Figma, Dylan Field, said that the regulatory scrutiny meant that another sale was probably out of the table.

Many bankers had expected antitrust agents under President Trump to adopt an approach to fusion and acquisition laxes than those of the Biden Administration. But in January, the Department of Justice blocked an agreement between Hewlett Packard Enterprise and Juniper Networks, which suggests continuous scrutiny.

On the other hand, many technological companies seem to be gravitants so that they are potentially public. Coreweave, a cloud computing services provider for artificial intelligence, has requested an offer and is scheduled to be a test of the Wall Street appetite by ai -related companies. Discord, a social chat application and Stubhub, a ticket software company, are in early discussions about a possible public offer this year.

A Figma spokesman declined to comment. Mr. Field <a target="_blank" class="css-yywogo" href="https://www.wsj.com/tech/ai/wsj-com-tech-wsj-tech-live-2024-8bdb1ddb?mod=tech_lead_pos1″ title=”” rel=”noopener noreferrer” target=”_blank”>He said at a conference last year that the company was on the way to go over.

Founded in 2012 in San Francisco, Figma offers free cloud -based tools and services for designers and developers. He accepted the acquisition offer of $ 20 billion adobe in 2022, with Adobe then paid a break rate of $ 1 billion when the agreement felt.

Then, Figma raised additional investor funds, including Coatue and General Catalyst. With an assessment of $ 12.5 billion.

In recent years, Figma has aimed to expand its product offers and work on ai tools. Its products include an online slate tool, Figjam, so that users can make a rain of ideas and collaborate in different projects and slides of Figma, a product similar to PowerPoint to create presentations. In 2023, the company introduced its First hardware productA keyboard for designers to program direct accesses to their most used design tools.

The products have helped boost the Figma business worldwide. According to Figma, more than 85 percent of its weekly active users are out of the United States, and more than half of its income comes from international clients.

Figma has said he wants to continue expanding beyond the designers. Approximately two thirds of their clients are identified as more than designers, and one third of their user base are software developers.

Figma has opened offices in New York, London, Tokyo, Paris and Berlin in recent years. It has more than 1,400 employees.