The current market cap of Figma is around 60B if I read it correctly. Yes, not all of it was IPOd, but from purely this perspective it was hugely successful. But then it’s also unfair to compare this market cap as is, because I would expect Figma as separate entity will grow better than Adobe as a whole. Meaning that people who’ll hold Figma stocks right now have a chance to have better returns in a future.