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Figma is targeting a valuation of $16.4 billion in its upcoming initial public offering, according to a new filing with the Securities and Exchange Commission (SEC). The collaborative design software makera rival to platforms like Adobeplans to sell around 37 million shares priced between $25 and $28 each, which would generate up to $1 billion in proceeds and give the company a valuation between $14.6 billion and $16.4 billion. The targeted share price was disclosed in the companys updated S-1 statement, filed with the SEC on Monday. Figma had previously entered an agreement with Adobe to be acquired in 2022, but regulators nixed that deal. Its unclear when the listing will occur. A report from Bloomberg, citing an anonymous source, said shares are expected to be priced on July 30. Fast Company reached out to Figma for comment. Figma’s stock will trade on the New York Stock Exchange under the ticker FIG. It first filed paperwork with its intent to go public earlier this month. The companys filings show a positive trajectory that investors might find enticing. Figma says it has 13 million active users, and that its products are used by 95% of the Fortune 500. Last year, it drove $749 million in revenue, an increase of 48% year-over-year, and its most recent quarterly sales numbers, for the first few months of 2025, were similarly up 46% year-over-year. Figma’s forthcoming IPO follows several other tech-focused listings in recent months, including market debuts for Circle and Chime. Figma was named one of Fast Companys Most Innovative Companies of 2025.
Category:
E-Commerce
As President Donald Trump considers life after the White House when his term-limited time in office ends in 2029, might he follow the path set by one of his predecessors and make a post-presidency pivot to an art career? Trump’s artistic skills are in the spotlight after The Wall Street Journal reported that Trump allegedly contributed a suggestive drawing and lewd poem for Jeffrey Epstein’s 50th birthday in 2003. Trump denied having anything to do with the page, but in his denial, he told an undisputable lie: “I never wrote a picture in my life,” he told The Journal. Trump has, in fact, made many pictures in his life, and the description of the medium used to make the drawing reportedly sent to Epsteina heavy marker just so happens to be his medium of choice. Say what you will about the inconsistencies between his words, politics, and actions, but Trump has a consistent, distinctive artistic style. [Screenshot: Heritage Auctions] Trump created marker-made doodles showing recurring motifs of city skylines for charity auctions throughout the 2000s, when he hosted NBC’s The Apprentice and The Celebrity Apprentice. “It takes me a few minutes to draw something. In my case, it’s usually a building or a cityscape of skyscrapers, and then I sign my name. But it raises thousands of dollars to help the hungry in New York through the Capuchin Food Pantries Ministry,” he wrote in his 2008 book, Trump Never Give Up: How I Turned My Biggest Challenges Into Success. [Photo: Paul Buck/EPA-EFE/Shutterstock] Far from trompe l’oeil (French for “fools the eye”), a style in which objects are depicted with photographically realistic detail, one of Trump’s doodles of the Empire State Building is filled in with sharp black squiggles that resemble his own sharp, jagged signature, while a 2006 sketch of the George Washington Bridge stands apart from the rest and proves Trump has more artistic skill than he might let on. His sketch of the bridge shows a sense of depth and angles. [Screenshot: Julien’s Auctions] Viewed as a body of work, most of Trump’s sketches are rudimentary and his skylines blocky and simple (“Art may not be my strong point,” he admitted in Trump Never Give Up), but they share an aesthetic. And judging Trump’s work alongside the art of other presidentsfrom presidential doodles to former President George W. Bush’s post-presidency oil paintingsit’s clear that his style is singular. “Its sort of surprising that Trumps doodles show a bit of artistic talent,” David Greenberg, a journalism and media studies professor at Rutgers University and author of books including Presidential Doodles, tells Fast Company. “Id put him in maybe the top third of presidents in his doodling. Of course, its hard to say. Hes no Herbert Hoover, thats for sure.” The National Archives called Hoover “among Americas greatest doodling presidents.” Is there a market for Trump to make a name for himself as an artist out of office? Still, like with a painting by, say, Khloe Kardashian, Trump’s doodles aren’t valuable for their artistic merit, but for the artist’s famous name. Trump’s Empire State Building drawing sold at auction for $100 in 1995 for a charity; by 2017, when he was president, it resold for $16,000. By this measure Trump’s potential value as an artist has never been higher. More famous than ever, Trump could do worse than an art career.
Category:
E-Commerce
General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results. The automaker’s revenue in the quarter ended June 30 fell nearly 2% to about $47 billion from a year ago. Its quarterly adjusted earnings per share fell to $2.53 compared with $3.06 a year earlier. Analysts on average expected the company to notch a quarterly adjusted profit of $2.44 per share, according to data compiled by LSEG. Shares of the company fell about 3% in premarket trade. The largest U.S. automaker by sales said it expects the tariff impact to worsen in the third quarter and stuck to a previous estimate that trade headwinds threaten to hit the bottom line by $4 billion to $5 billion. GM said it could take steps to mitigate at least 30% of that impact. GM was among the many corporations to pull its annual guidance as it evaluated the impact of U.S. President Donald Trump’s tariffs, but eventually reinstated it to a lower annual adjusted core profit of between $10 billion and $12.5 billion. The company on Tuesday stood by that guidance. Beyond tariffs, GMs underlying business in the quarter was solid. Sales in the U.S. market its main profit center rose 7%, while the company continued to command strong pricing on its pickup trucks and SUVs. GM swung back to a small profit in China, after losing money there a year earlier. Nora Eckert and Nathan Gomes, Reuters
Category:
E-Commerce
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