Design software to start figs Announce On Tuesday, it had submitted confidential paperwork for the IPO. We don’t know more until the paperwork is made public, and the best situation will be within about a month.
But it’s surprising as the stock market is in groundhog mode (even in the new cyclone of the Trump administration’s trade policy and tariffs) – it’s now pursuing IPOs, even at an exploratory level. Klarna and Stubhubtwo potential blockbuster tech IPOs buzzed last month, both hit the pause button in early April after the stock market crashed by tariff news. They have not been rescheduled yet.
Although figs are doing an IPO, that doesn’t mean it will be done on the usual schedule, which is usually 4 to 6 weeks after receiving confidential paperwork.
Figs making collaboration software and web applications for designers is the last time Valued at $12.5 billion in May After completing the tender offer, existing shareholders can cash out some of their shares. Adobe tries to buy Figma for $20 billion, but the deal fails in 2023 After the regulation of transactions is pushed back in Europe and the United States.
The company is backed by venture capital firms such as Sequoia Capital, Index Ventures, Greylock and Kleiner Perkins, whose investors sit on their boards and many including Andreessen Horowitz and IVP.
Fig declined further comments.
