Design software company Figma has filed for an IPO, which is expected to raise up to $1.5 billion. Its entry to public markets comes more than a year after the collapse of Adobe’s attempted $20 billion acquisition. The S-1 filing contains key insights about Figma’s growth, customer base, and founder-led strategy.

The company saw sales of $749 million in 2024, up 48% from the year before. Revenue was $228.2 million for the three months ended March 31, up 46% from the same period a year prior.

Less than two years after agreeing with Adobe to call off plans for a megadeal, Figma has filed IPO paperwork and could embrace Wall Street in its own right.