Figma的文件，IPO夢想和Adobe交易的幽靈

Figma的IPO提交標誌著Adobe交易崩潰後的關鍵時刻。在增長和AI的推動下，它會飆升還是絆倒？看一下設計巨頭的大膽舉動。

Figma's Files, IPO Dreams, and the Ghost of the Adobe Deal

Figma的文件，IPO夢想和Adobe交易的幽靈

After the rollercoaster of a near-acquisition by Adobe, Figma is officially making its move. The design software powerhouse has filed for an IPO, signaling a new chapter. Will Figma’s independence be its superpower, or will the competition prove too fierce?

在Adobe近乎接收的過山車之後，Figma正式採取行動。 Design Software Powerhouse已提交IPO，並提示了新的章節。 Figma的獨立性會成為其超級大國，還是比賽證明太兇猛了？

The IPO is Officially On

IPO正式上

Figma, the collaborative interface design platform, is heading to the New York Stock Exchange under the ticker “FIG.” This comes almost two years after Adobe’s planned $20 billion acquisition fell apart due to regulatory hurdles. Now, Figma's calling its own shots in a competitive market.

Figma是一個協作界面設計平台，將以股票“無花果”為前往紐約證券交易所。這是在Adobe計劃的200億美元收購因監管障礙而崩潰的近兩年之後。現在，Figma在競爭激烈的市場中命名自己的鏡頭。

Financials and Future Growth

財務和未來增長

Figma’s Q1 2025 revenue jumped to $228.2 million, up from $156.2 million the previous year. The company's expanding beyond design into developer, marketing, and content creation tools. CEO Dylan Field is betting big on AI, even if it means short-term cost increases. "We’re already investing heavily in AI and we plan to double down even more in this area," Field noted in the company’s S-1 filing.

Figma的第二季度2025年收入躍升至2.282億美元，高於上一年的1.562億美元。該公司將超越設計擴展到開發人員，營銷和內容創建工具。首席執行官迪倫·菲爾德（Dylan Field）押注AI，即使這意味著短期成本增加。菲爾德在該公司的S-1文件中指出：“我們已經在AI上進行了大量投資，我們計劃在該領域進行更大的努力。”

Dodging the Adobe Bullet?

躲避Adobe子彈？

The failed Adobe acquisition might have been a blessing in disguise. Figma dodged a potentially lengthy antitrust battle and maintained control of its innovation. Plus, they pocketed a cool $1 billion termination fee from Adobe, which is fueling their AI and R&D efforts. Analysts think Figma's independence makes it more attractive as a tech leader.

失敗的Adobe收購可能是偽裝的祝福。無花果躲避了一場潛在的漫長反托拉斯戰鬥，並保持了對其創新的控制。另外，他們從Adobe手中賺了10億美元的終止費，這加劇了他們的AI和研發工作。分析師認為，無花果的獨立性使其作為技術領導者更具吸引力。

AI and the Future of Collaboration

AI和協作的未來

Figma’s evolution is about more than just design. It’s becoming a productivity suite with AI tools. Features like Figma Make (design-to-code) and First Draft (AI layout assistant) are expanding the platform’s appeal. A whopping 67% of recent revenue growth is from non-design roles, showing Figma's broadening relevance.

無花果的演變不僅僅是設計。它正在成為使用AI工具的生產力套件。諸如Figma Make（編碼）和初稿（AI佈局助理）之類的功能正在擴大平台的吸引力。近期收入增長的67％來自非設計角色，表明無花果的相關性擴大。

Bitcoin's Unexpected Cameo

比特幣的意外客串

In a surprising twist, Figma's S-1 filing revealed a significant investment in Bitcoin. As of March 31, 2025, they held $69.5 million in spot Bitcoin ETFs. The Board approved an additional $30 million investment, initially in USD Coin (USDC) for later conversion to Bitcoin. This move reflects a growing trend among tech firms exploring digital assets.

令人驚訝的是，Figma的S-1歸檔顯示了對比特幣的大量投資。截至2025年3月31日，他們持有6,950萬美元的現貨比特幣ETF。董事會批准了額外的3000萬美元投資，最初是在美元硬幣（USDC）中以後轉換為比特幣的。此舉反映了探索數字資產的科技公司的增長趨勢。

IPO Timing and Market Sentiment

IPO時機和市場情緒

The IPO market is showing signs of life in 2025. Figma’s timing could be perfect. Investors are hungry for high-growth cloud and AI plays, and Figma's strong financials and brand could make it a hot ticket.

IPO市場在2025年展示了生命的跡象。圖瑪的時機可能是完美的。投資者渴望高增長雲和人工智能玩耍，而Figma的強大財務和品牌可以使其成為熱門票。

The Takeaway

外賣

Figma's IPO is a bold move that comes with both opportunities and challenges. While the collapse of the Adobe merger was a setback, it might have set the stage for something even bigger. With a focus on AI, a growing user base, and a hefty Bitcoin investment, Figma is ready to shake things up.

Figma的IPO是一個大膽的舉動，既有機遇和挑戰。儘管Adobe合併的崩潰是挫折，但它可能為更大的事情奠定了基礎。 Figma專注於AI，不斷增長的用戶群和大量的比特幣投資，因此準備好動搖。

So, grab your popcorn, folks! This is going to be an interesting ride. Will Figma become the next big thing, or will it face a reality check in the public markets? Only time will tell. But one thing's for sure: the design software world just got a whole lot more exciting. Keep your eyes peeled on that “FIG” ticker!

所以，抓住你的爆米花，伙計們！這將是一個有趣的旅程。 Figma會成為下一個大事，還是會在公共市場上面臨現實檢查？只有時間會證明。但是可以肯定的是：設計軟件世界變得更加令人興奮。讓您的眼睛剝落那個“無花果”股票！