Figma, the software design startup known for its collaborative design tools, has filed confidential paperwork for an initial public offering (IPO), despite uncertain market conditions and economic volatility caused by recent tariff concerns and trade policy shifts under the Trump Administration.
The company quietly submitted the necessary documentation on Tuesday, initiating a process that traditionally takes anywhere from four to six weeks before it becomes publicly available. Given the current market uncertainty, Figma’s timing is notable. Earlier this month, major companies such as Klarna and StubHub opted to postpone their IPO plans after stock market jitters triggered by new twists in trade negotiations disrupted investor confidence and dampened enthusiasm for fresh offerings. Both companies have yet to announce revised dates for their IPO pursuits.
Figma’s latest documented valuation, conducted in May, reached a notable $12.5 billion following a tender offer that allowed certain shareholders to cash out part of their holdings. Previously, Adobe had attempted to acquire Figma for $20 billion in a highly publicized deal; however, the acquisition collapsed in 2023 due to regulatory pushback from authorities in Europe and the U.S.
The startup, backed by major Silicon Valley venture firms such as Sequoia Capital, Greylock, Index Ventures, Kleiner Perkins, Andreessen Horowitz and IVP, provides software solutions popular among designers and developers who seek collaborative web-based interfaces and streamlined workflows.
A Figma spokesperson declined to comment further on the firm’s IPO plans.
