Table of Contents

• Figma

• Jeff Bezos

Top Stories Today

Figma

On Tuesday, Figma submitted its IPO registration with the SEC, aiming to list on the New York Stock Exchange under the ticker “FIG.” The San Francisco–based design platform posted a 46% jump in Q1 revenue to $228.2 million and net income of $44.9 million, serving roughly 450,000 customers, over 1,000 of which each spend more than $100,000 annually. This move follows the collapse of Adobe’s $20 billion takeover bid, which left Figma with a $1 billion breakup fee. Major backers, including Index Ventures, Greylock, Kleiner Perkins, Sequoia and ServiceNow CEO Bill McDermott, who will join Figma’s board, stand to benefit from the flotation. Beyond its core collaborative tools, Figma has rolled out a website-building feature, acquired a CMS startup and Payload, and invested over $99 million in digital assets such as a Bitwise Bitcoin ETF and USD Coin. Founders Dylan Field and Evan Wallace say going public will enhance liquidity, brand awareness and community ownership as they brace for the challenges of the public markets.

Jeff Bezos

Jeff Bezos has sold roughly 3.3 million Amazon shares, netting about $737 million under a March-established plan that allows him to offload up to 25 million shares by May 2026. Though he stepped down as CEO in 2021, Bezos remains the company’s largest individual investor and has routinely liquidated stock to back his space venture, Blue Origin, and support his Day 1 Academies charity. This latest sale follows his recent high-profile wedding in Venice and continues his pattern of annual share disposals to fund his other interests.

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