May 2nd, 2025
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Figma, a company that makes design software, said on Tuesday that they want to sell shares of their company to people. We will know more when their official papers are public, which might happen in about a month.
But the stock market is not changing much, like a groundhog seeing its shadow because of President Trump's trade rules. So, trying to sell shares to the public now is surprising, even just thinking about it. Klarna and StubHub, two big tech companies that wanted to sell shares last month, stopped their plans in April when the stock market went down because of news about tariffs. They have not made new plans yet.
Figma wants to sell shares to the public, but it might not happen in the normal time. This usually takes about four to six weeks after they give in their secret papers.
Figma makes computer programs that help designers work together. In May 2024, the company was worth 12.5 billion dollars. Some people who owned parts of the company could sell them. Adobe wanted to buy Figma for 20 billion dollars, but the sale did not happen in 2023. This was because governments in Europe and the US did not allow it.
Important companies like Sequoia Capital and others give money to the company. People from these companies are also on the company's board.
Figma refused to provide any more details.
May 2nd, 2025
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