Hey there, tech enthusiasts! Exciting news is brewing in the design software world.

Figma has officially declared its intention to go public by filing its confidential paperwork for an IPO.

Although we won’t know the full details until the paperwork is made public, it looks like we might have a clearer picture in about a month.

However, the market is currently behaving like a weather vane, swinging with the latest developments from the Trump Administration regarding trade policies and tariffs.

Interestingly, pursuing an IPO during such jittery financial weather is quite the bold move.

Just last month, two other significant tech IPOs, Klarna and StubHub, hit the brakes after facing similar market turmoil due to tariff news.

Figma, known for its collaborative software and web apps tailored for designers, had a valuation of $12.5 billion as of May.

While Adobe attempted to acquire Figma for $20 billion, that deal fell apart in 2023 amidst regulatory hurdles.

Figma continues to be supported by a powerhouse of investors, including Sequoia Capital and Greylock, adding to the anticipation surrounding its forthcoming IPO.

Keep your eyes peeled for more updates!