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figure software package startup FigmaannouncedTuesday it has register its secret paperwork for an initial public offering . We wo n’t know more until that paperwork becomes public , which , best - vitrine scenario would be in about a calendar month .
However , with the farm animal food market in groundhog modal value — attend its darkness with every fresh gyration of the Trump administration ’s trade policies and tariffs — act on an IPO right now is surprising , even at an explorative level . Klarna and StubHub , the two potentially blockbuster tech IPOs that were hum along last month , both remove the intermission button in early April after the stock market crashed on tariff news . They have not yet rescheduled .
While Figma is working on an IPO , that does n’t think it will proceed in the common timeline , which is often four to six calendar week after secret paperwork has been accepted .
Figma , which makes collaborative computer software and web applications for designer , was lastvalued at $ 12.5 billion in Mayof 2024 after it discharge a tender offer that allowed existing shareholders to cash out some of their stake . Adobe attempt to bribe Figma for $ 20 billion , but that deal fell through in 2023after regulative pushback against the dealin Europe and the United States .
The caller is back by venture business firm Sequoia Capital , Index Ventures , Greylock , and Kleiner Perkins , which have investors that sit on its display board , along with a prospicient leaning of other outfits , including Andreessen Horowitz and IVP .
Figma declined further comment .
