Core Insights - Adobe abandoned its $20 billion acquisition of Figma due to regulatory concerns, leading to Figma's IPO on July 31, 2025, with a market valuation nearing $70 billion [1][9] - Figma's CEO Dylan Field became a billionaire following the IPO, which raised $1.2 billion and saw the stock price surge over 200% from the initial offering price of $33 to $115.50 [5][6] Company Overview - Figma, founded in 2013, aimed to be the "Google Docs for design" and has grown significantly, achieving a valuation of $10 billion shortly after the failed acquisition attempt [4][9] - The company reported revenues of $749 million in the previous year, with a 46% year-over-year growth in Q1 2025, although it has not yet achieved profitability [12] Financial Performance - Figma's IPO was one of the largest in the tech sector for the year, with a fully diluted valuation exceeding $19 billion [5] - The company experienced a significant increase in employee engagement and product development following the acquisition's cancellation, with only about 4% of employees accepting voluntary severance [4][5] Market Position - Figma's IPO success is seen as a potential catalyst for other companies looking to go public, breaking a period of stagnation in the market [15] - The company has maintained a strong following among designers and tech companies, with its annual conference attracting thousands of attendees [12][13] Investor Impact - Major venture capital firms, including Index, Greylock, and Kleiner Perkins, have seen substantial returns from their investments in Figma, with combined holdings valued at nearly $6 billion at the IPO price [14][16] - The IPO has also revitalized interest in the tech sector, with other companies like Coreweave and Chime preparing for their own public offerings [15][16]

With the broader market pulling back in recent weeks, it has created some better entry points for investors interested in owning some of the top technology stocks out there. Let's look at four tech stocks investors might want to consider buying right now. Meta Platforms (META -4.22%) is one of the world's largest digital advertising platforms through its social media and messaging apps, including Facebook, Instagram, and WhatsApp. The company has leaned into artificial intelligence (AI) through its Llama AI ...