Figma, a cloud-based design platform, has met with investment banks in recent weeks to discuss an initial public offering that could come as soon as this year, two people with knowledge of the matter said. In 2023, European and U.S. regulators stymied an effort by the software giant Adobe to buy Figma for $20 billion. Figma’s chief executive, Dylan Field, has said the regulatory scrutiny meant another sale was likely off the table. Many bankers had expected antitrust enforcers under President Trump to take a laxer approach to mergers and acquisitions than those under the Biden administration. But in January, the Justice Department blocked a deal between Hewlett Packard Enterprise and Juniper Networks, suggesting continued scrutiny. Many tech companies instead appear to be gravitating to potentially going public.
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