Figma design software startup announced On Tuesday, he submitted confidential documents regarding IPO. We is not going to know more until the documentation becomes public, the best scenario will probably be in about a month.
However, in the case of the stock exchange in Groundhog mode – seeing its shadow with every recent binding of the Trump’s industrial policy and tariffs – IPO implementation is now surprising, even at the exploration level. Klara and Stubhub, two potentially hit technological IPO that hummed last month, each hit the pause button at the starting of April after the stock market crashed in tariff news. They have not modified yet.
While Figma is working on IPO, this does not mean that it is going to proceed the abnormal time axis, which is often 4 to 6 weeks after accepting confidential documents.
Figma, which creates software for cooperation and web applications for designers, was the last Called at $ 12.5 billion in May from 2024 after the end of the tender offer, which allowed existing shareholders to pay some of their shares. Adobe tried to purchase Figma for $ 20 billion, but this contract fell in 2023 after the regulatory rejection of the contract in Europe and the United States.
The company is supported by Venture Sequoia Capital, Index Ventures, Greylock and Kleiner Perkins, who have investors who are sitting on their board, along with a long list of other costumes, including Andreessen Horowitz and IVP.
Figma refused to comment further.