Design software company Figma said on Tuesday that they have started the process to become a public company. We will find out more when their documents are made public, which will probably happen in about a month at the earliest.

However, because the stock market is very uncertain due to the Trump administration's changing trade policies, trying to have an IPO (initial public offering) now is surprising, even just to see if it's possible. Two large tech companies that were planning IPOs last month stopped their plans in early April when the stock market fell because of news about tariffs. They have not yet set a new date.

Even though Figma is getting ready for an IPO, it might not happen on the normal schedule. Usually, it takes about four to six weeks after the private papers are accepted.

Figma, a company that creates design software for teamwork, was worth $12.5 billion in May 2024. This valuation happened after they allowed their shareholders to sell some of their shares for money. Adobe tried to purchase Figma for $20 billion, but this plan failed in 2023 because governments in Europe and the US did not approve the deal.

The company gets support from important investment companies such as Sequoia Capital and Index Ventures. People who invest in these companies are on the company's board. Other companies like Andreessen Horowitz also have people on the board.

Figma said they did not want to comment further.