Figma is a company that makes software to help people design things on computers. They are trying to raise more money from investors by selling some of their shares at a price that values the company at $12.5 billion. This is more than what they were worth in 2021, but not as much as another company, Adobe, wanted to pay to buy them last year. Figma's software is used by many big companies like Microsoft and Google to create different things on their computers. Read from source...

- The title is misleading and sensationalist, as it implies that Figma's valuation increase is a negative outcome or a failure to meet expectations, when in fact it is a positive achievement for the company. It also does not mention Adobe's acquisition offer explicitly, which could be an important detail for some readers.
- The article assumes that Adobe's acquisition offer was fair and reasonable, without providing any evidence or analysis to support this claim. It also ignores the possibility that Figma might have rejected the offer for strategic reasons, such as wanting to remain independent and innovate freely.
- The article focuses too much on the names of other investors and corporations that use Figma's design tools, without explaining how they relate to the main topic or why they are relevant. This could be seen as a way of boosting Figma's credibility and appeal, but it also detracts from the clarity and coherence of the article.
- The article mentions Adobe's AI model in the last paragraph, but without any context or connection to Figma or the valuation issue. This could be seen as a random insertion of unrelated information, or an attempt to show that Adobe is still a competitive player in the market, despite losing the acquisition deal. Either way, it does not contribute to the quality or relevance of the article.
- The article ends with a blatant advertisement for Benzinga's services and features, which could be seen as unprofessional and intrusive by some readers. It also tries to persuade readers to join Benzinga's community, without providing any clear benefits or incentives for doing so.

Possible answer: Neutral. The article does not express a clear sentiment towards Figma or its valuation. It mainly reports the facts and figures of the recent equity offering and the failed acquisition deal by Adobe.