Design Software Startup Figma announced Tuesday it submitted its confidential paperwork for an IPO. We will not know anymore until that paperwork becomes public, which would be the best scenario in about a month.
With the stock market in the Groundhog mode – Shadow with every new turning the trade policy and the rates of the Trump administration – it is now surprising, even at an exploratory level. Klarna and Stubhub, the two potential blockbuster -technical fines that humble last month, both press the pause button at the beginning of April after the stock market was crashed on tariff news. They are not yet again planned.
Although Figma is working on an IPO, this does not mean that it will continue in the usual timeline, which is often four to six weeks after confidential paperwork has been accepted.
Figma, which makes cooperation software and web applications for designers, was the latter valued at $ 12.5 billion in May From 2024 after it had completed an offer with which existing shareholders could cash in part of their interest. Adobe tried to buy Figma for $ 20 billion, but that deal fell in 2023 after legal pushback against the deal in Europe and the United States.
The company is supported by venture markets Sequoia Capital, Index Ventures, Greylock and Kleiner Perkins, who have investors on the board, along with a long list of other outfits, including Andreessen Horowitz and IVP.
Figma further refused comments.