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Asana Billionaire Founder Is Said to Do Debt Deal Before Listing

  • Dustin Moskovitz co-founded Facebook before he started Asana
  • Asana is aiming to do a direct listing as early as the fall
Dustin Moskovitz
Dustin MoskovitzPhotographer: Patricia de Melo Moreira/AFP via Getty Images

Corporate software maker Asana Inc. has raised about $200 million by issuing convertible debt ahead of its planned U.S. direct listing later this year, according to people familiar with the matter.

Asana co-founder Dustin Moskovitz, who also co-founded Facebook Inc., and has a net worth of $13.8 billion, was the main lender involved in providing the convertible debt, the people said, asking not to be identified because the information is private.