Figma hires Goldman Sachs to lead its IPO on the US stock market with an estimated valuation of $12.5 billion before.

According to China Fortune Financial App, informed sources revealed that design software company Figma Inc. has hired Morgan Stanley to lead its initial public offering (IPO), which could be one of the largest IPOs this year. The sources said that Figma has also invited Goldman Sachs and Allen & Co. to assist with its listing. The sources stated that Figma could potentially go public as early as this year. The company had previously stated in April that it had confidentially submitted its IPO application. The sources added that details of Figma's planned timing may still be subject to change.