July 1 (Reuters) - Figma disclosed higher revenue and

profit for the quarter ended March 31, as the cloud-based

designer platform prepares to list on the NYSE more than a year

after its $20 billion planned sale to Adobe was

scrapped.

The company's IPO is poised to be one of the most

high-profile listings this year, signaling that concerns stirred

by U.S. tariffs are quickly fading in the wake of a scorching

equities rally.

Figma's IPO was widely expected after antitrust regulators

in Europe and the UK blocked Adobe's deal.

In December 2023, the companies mutually ended the deal,

which would have been one of the biggest acquisitions of a

software startup.

Last year, Figma was valued at $12.5 billion in a tender

offer that allowed its employees and early investors to cash out

some of their stake.

For the three months ended March 31, the company reported

$228.2 million in revenue, compared with $156.2 million a year

earlier, and its net income jumped three-fold to $44.9 million.

Part of the IPO proceeds will be used to repay debt, the

company said.

Morgan Stanley, Goldman Sachs, Allen & Co and J.P. Morgan

are the lead underwriters for the IPO. Figma expects to trade

under the symbol "FIG".

(Reporting by Niket Nishant in Bengaluru; Editing by Maju

Samuel and Shinjini Ganguli)