It is reported that Figma has hired Morgan Stanley to lead its U.S. IPO, with a previous valuation of $12.5 billion
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Design software company Figma Inc. has hired Morgan Stanley to lead its initial public offering (IPO), which is expected to be one of the largest IPOs of the year. Figma has also invited Goldman Sachs and Allen & Co. to participate in the listing, planning to go public as early as this year. Figma had agreed to be acquired by Adobe in 2022, but the deal was canceled due to regulatory scrutiny. The company's clients include Microsoft and Amazon, with a valuation of $12.5 billion. Figma's listing will boost the IPO market
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