The deal values Figma cofounders Dylan Field and Evan Wallace’s stakes in the buzzy design startup at $2 billion apiece.
The company also reported $4.43 billion inwhen it announced its earnings on Thursday. Adobe shares traded down 8.43% in premarket trading after its fourth-quarter forecast fell below analyst expectations.
Figma CEO and cofounder Field will continue to lead the company when the deal closes in 2023. Adobe forecast that Figma would double its annual recurring revenue to $400 million in 2022.Field and Wallace met while studying computer science at Brown University and decided to start a company together. Field took a Thiel Fellowship and dropped out of college in 2012 to begin building what would become Figma.
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