Figma makes computer programs. They want to sell shares of their company to people.

But the stock market is not good now because of new rules. So, trying to sell shares now is strange. Two companies, Klarna and StubHub, wanted to sell shares last month. But they stopped in April because the market went down after the new rules. They do not have a new time to sell shares yet.

Figma wants to sell shares, but it might take a long time.

Figma helps designers work together online.

In 2024, Figma was worth $12.5 billion. Another company, Adobe, wanted to buy Figma for $20 billion. But they could not buy it.

Many big companies give money to this company. For example, Sequoia Capital and Index Ventures help it.

Figma said they would not say more.