Foley & Lardner LLP partner Louis Lehot commented on a major technology initial public offering in the Business Insider article, “Lina Kahn is taking a victory lap over the Figma IPO.”
Lehot placed the deal in historical context, noting an earlier proposed Figma merger with Adobe was called off following regulatory scrutiny.
“There’s a hint of schadenfreude in celebrating independent success while dismissing the potential upside of the Adobe-Figma merger,” Lehot said of praise for the IPO that glosses over what could have resulted from a successful combination. “The Adobe-Figma merger was a missed opportunity to pair complementary strengths and unlock broader value. Independent scaling and strategic acquisition aren’t mutually exclusive — each can serve innovation and the public, depending on the context,” he added.
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