Design software startup Figma revealed on Tuesday that it has submitted its confidential documentation for an initial public offering (IPO). Further details will remain undisclosed until this documentation is made public, which, under optimal circumstances, is anticipated to occur in approximately one month.

However, because the stock market is currently very predictable – reacting negatively to every change in the Trump administration's trade policies and tariffs – trying to have an IPO now is surprising, even just to explore the idea.

Although Figma is preparing for an IPO, this does not imply it will follow the typical timeframe, which is frequently four to six weeks after confidential documentation has been approved.

Figma, a company known for its software and web tools that help designers work together, was worth $12.5 billion in May 2024. This happened after they made an offer that let shareholders sell some of their shares. Before this, Adobe tried to buy Figma for $20 billion, but the deal stopped in 2023 because governments in Europe and the United States did not approve it.

The company gets money from venture capital firms like Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins. Investors from these firms are on the company's board. Many other groups, such as Andreessen Horowitz and IVP, also support the company.

Figma opted to refrain from offering further remarks.