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Figma, ignores the fear, files paperwork for an IPO
Design software startup Figma has announced that it has filed its confidential paperwork for an initial public offering (IPO). This move comes as a surprise to many in the tech industry, given the current uncertainty and volatility of the stock market.
In recent weeks, other potential blockbuster tech IPOs have put their plans on hold due to concerns over the market’s stability. However, Figma has opted to ignore these fears and proceed with its IPO preparations.
The company, which specializes in collaborative software and web applications for design, was last valued at $12.5 billion after completing a tender offer that allowed existing shareholders to cash out some of their stake in May. Adobe attempted to purchase Figma for $20 billion in 2023, but the deal ultimately fell through due to regulatory pushback in Europe and the United States.
Figma has received significant backing from prominent venture firms such as Sequoia Capital, Index Ventures, Greylock, and Kleiner Perkins. These investors have representatives on the company’s board and are also represented by a long list of other backers including Andreessen Horowitz and IVP.
The company has declined to comment further on the matter.
It is worth noting that Figma’s decision to move forward with its IPO plans may not necessarily mean that it will proceed with an IPO in the usual timeframe. The timeline for this process can vary greatly depending on a variety of factors, typically taking anywhere from 4-6 weeks after confidential paperwork has been accepted.
Source: https://techcrunch.com/2025/04/15/figma-ignores-the-fear-files-paperwork-for-an-ipo/
