Figma, a design software startup, announced on Tuesday the confidential submission of paperwork for its initial public offering (IPO). Further details remain undisclosed until these documents are made public, which ideally could occur within approximately one month.

However, the stock market is like Groundhog Day, always reacting negatively to the Trump administration's changing trade policies and tariffs. Because of this, it's surprising that companies are trying to do IPOs now, even just exploring the idea. For example, Klarna and StubHub, which could have been successful tech IPOs last month, had to stop their plans in early April after the stock market fell sharply due to news about tariffs. They haven't made new plans yet.

Although Figma is working towards an IPO, this does not necessarily mean it will proceed on the standard timeline, typically advancing four to six weeks after confidential documents are accepted.

In May 2024, Figma, a provider of collaborative software and web applications for designers, was valued at $12.5 billion following a tender offer allowing existing shareholders to cash out some of their holdings. Previously, Adobe attempted to acquire Figma for $20 billion, but this transaction fell through in 2023 due to regulatory opposition in Europe and the United States.

The company is supported by many venture capital firms like Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins. These firms have investors on the board of directors. Other companies, including Andreessen Horowitz and IVP, also provide support.

Figmaは、本件に関してそれ以上の発言を差し控えることにしました。