AFTER ADOBE COLLAPSE, FIGMA DEAL ALLOWS EMPLOYEES TO SELL SHARES AT $12.5 BILLION VALUATION

Summary from the TLDR Design newsletter

Figma has completed a tender offer valuing the company at $12.5 billion, allowing current investors, employees, and early stakeholders to sell their shares. This valuation follows the collapse of Adobe's $20 billion acquisition bid and involves new investments from firms like Fidelity, Franklin Venture Partners, Sequoia, and Andreessen Horowitz.