This question will resolve to YES if any of the following is true as of Dec 31st 2025:
Figma is acquired by another company and the deal is approved by all major regulators (US, EU/UK, China). Its okay if the acquisition is still being finalized as of Dec 31st 2025 as long as the regulator approval hurdle is cleared.
Figma goes public.
At least $1B in Figma shares are sold on the private market via any mechanism, as reported by reputable sources. The sale can be a one-time event or cumulative between 2023-12-01 and 2026-01-01. The sale must happen in exchange for cash or an instrument that can be easily converted into cash, such as publicly traded stocks.
Otherwise this question will resolve to NO. It will not resolve to N/A under any circumstances.
Question is inspired by this tweet from Emmett Shear: https://twitter.com/eshear/status/1736781433413435677
According to The Information up to $900 million in stock can be sold as part of the tender offer, which would leave just $100 million in private sales to meet the target. https://www.theinformation.com/articles/figma-shareholders-to-sell-up-to-900-million-of-stock-at-deep-discount-to-adobe-price