May 2nd, 2025
Figma, a company that makes design software, said on Tuesday that they want to sell parts of their company to people. We will know more when they show their papers, which could happen in about a month if everything goes well.
But the stock market is not changing much, like a groundhog seeing its shadow. This happens with every new change in the government's trade rules. So, trying to sell shares for the first time now is strange, even if they are just thinking about it. Two big tech companies, Klarna and StubHub, were getting ready to sell shares last month. But they stopped in April because the stock market went down when there was news about new trade rules. They have not made new plans to sell shares yet.
Figma wants to sell shares to people, but it might not happen quickly. It usually takes about four to six weeks after they give their papers to the government.
Figma is a company that helps designers work together on the internet. In May 2024, the company was worth $12.5 billion. Before that, another company called Adobe wanted to buy Figma for $20 billion. But this did not happen in 2023 because governments in Europe and the US said no.
Some big investment companies like Sequoia Capital and Index Ventures support the company. People from these companies are on the board. Other companies like Andreessen Horowitz also support it.
Figma refused to provide any additional comments.
May 2nd, 2025
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