Figma, a company that creates design software, announced on Tuesday that it has started the process to sell shares to the public. They have given their documents to the government, but we won't know more until these documents are made public. This will probably happen in about a month at the earliest.

However, because the stock market is very sensitive to changes in the Trump administration's trade rules, trying to sell shares in a company to the public now seems surprising, even as a first step. For example, Klarna and StubHub, two large tech companies that were planning to sell shares, stopped their plans in early April when the stock market fell because of news about tariffs. They haven't made new plans yet.

Even though Figma is planning to go public, it might not happen as quickly as usual. Normally, it takes about four to six weeks after the private documents are accepted.

Figma, a company that makes software for designers to work together, was valued at $12.5 billion in May 2024. This happened after they let shareholders sell some of their shares. Adobe wanted to buy Figma for $20 billion, but the deal failed in 2023 because officials in Europe and the United States were against it.

Several investment companies, including Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins, support the company. People from these companies, along with others from companies like Andreessen Horowitz and IVP, are on the company's board of directors.

Figma chose not to provide additional commentary.