Figma's rapid ascent hasn't gone unnoticed by its larger competitors. In Sept. 2022, Adobe attempted to acquire Figma for $20 billion, but regulatory concerns scuttled the deal. Now, less than three years later, Figma is worth far more than that.

Design software company Figma just went public in the hottest IPO of the year. Here's what its biggest investors' stakes are worth.

No matter what Lina Khan says about Figma’s IPO success, acquisitions can actually be great for innovation. Sometimes acquisitions are a great strategy for growth—and sometimes they are not. In the case of Figma,