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Figma ignores the fear, files paperwork for an IPO
Design software startup Figma announced Tuesday it has filed its confidential paperwork for an IPO. We won't know more until that paperwork becomes
However, with the stock market in groundhog mode — seeing its shadow with every new gyration of the Trump Administration’s trade policies and tariffs — pursuing an IPO right now, even at an exploratory level, is surprising. Klarna and StubHub, the two potentially blockbuster tech IPOs that were humming along last month, both hit the pause button in early April after the stock market crashed on tariff news. Figma, which makes collaborative software and web applications for designers, was last valued at $12.5 billion in May after it completed a tender offer that allowed existing shareholders to cash some of their stake out.
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