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Figma aims for a valuation up to $16.4 billion in its NYSE IPO, looking to raise $1.03 billion by selling shares at $25-$28 ...

Figma filed its IPO prospectus on Tuesday, as the design software vendor looks to raise money and awareness to take on Adobe.

Figma disclosed preliminary results for the second quarter showing revenue growth between 39% and 41% year over year.

Timing is often everything with an IPO and things have rapidly changed since Figma first announced its plans to go public back in April.

Less than two years after agreeing with Adobe to call off plans for a megadeal, Figma has filed IPO paperwork and could embrace Wall Street in its own right.