Figma, a company that makes design software, said on Tuesday that it is getting ready to sell its shares to the public for the first time. We will find out more when the official papers are made public, which could happen in about a month if things go well.

However, because the stock market is reacting negatively to the Trump administration's trade policies, trying to launch a company's shares on the market now is unexpected.

Even though Figma is planning to become a public company, it might not happen at the usual time. This is often four to six weeks after they give in their secret documents.

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 some shareholders sell some of their shares. Adobe tried to buy Figma for $20 billion, but the deal did not happen in 2023 because governments in Europe and the United States did not agree with it.

The company gets support from big investment companies like Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins. People from these companies are on the company's board. Other companies, including Andreessen Horowitz and IVP, also give support.

Figma chose not to say anything more.