Tue Jul 01 19:40:00 UTC 2025: Okay, here’s a summary and a news article based on the provided Reuters text:

**Summary:**

Figma, the cloud-based design platform, is preparing for a highly anticipated IPO on the NYSE after its planned acquisition by Adobe was blocked by regulators. The company has announced strong financial results for the quarter ended March 31, showing significant revenue and profit growth. The IPO, under the symbol FIG, is expected to be a major listing this year, indicative of a rebounding equities market. Proceeds will be used to repay debt. The listing is being led by Morgan Stanley, Goldman Sachs, Allen & Co, and J.P. Morgan.

**News Article:**

**Figma Prepares for High-Profile IPO After Strong Q1 Growth**

NEW YORK – Cloud-based design platform Figma is gearing up for its initial public offering (IPO) on the New York Stock Exchange, signaling renewed confidence in the equities market after a period of regulatory uncertainty. The move comes more than a year after its planned $20 billion acquisition by Adobe was scuttled by antitrust concerns in Europe and the UK.

Figma released impressive financial results for the quarter ended March 31, reporting revenue of $228.2 million, a substantial increase from $156.2 million in the same period last year. Net income surged threefold to $44.9 million, highlighting the company’s robust growth trajectory.

The IPO, expected to be one of the most closely watched listings this year, is being viewed as a bellwether for the tech sector. It follows the mutual termination of the Adobe acquisition deal in December 2023. Last year, a tender offer valued Figma at $12.5 billion.

The company plans to use part of the IPO proceeds to repay debt. Trading will happen under the symbol FIG. Morgan Stanley, Goldman Sachs, Allen & Co, and J.P. Morgan are serving as the lead underwriters for the offering.

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