#noticiascripto 🚨🔥The San Francisco-based design software company filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion and secure a valuation of approximately $16.5 billion on a fully diluted basis.

According to the IPO prospectus filed on Monday, Figma and its investors plan to offer nearly 40 million shares at a price between $25 and $28 each. If the share price is at the top of that range, the company could raise slightly more than $1 billion.

Figma revealed earlier this month that it holds more than $69 million in Bitcoin through ETFs, and USDC reserves worth $30 million, all purchased in March.

The IPO filing indicates a valuation of over $16 billion.

The prospectus noted that on a fully diluted basis, accounting for employee stock options and restricted stock, Figma's valuation would reach approximately $16.5 billion. Its market capitalization would reach $13.6 billion based solely on outstanding shares.

The company's IPO is expected to be priced by the end of the month, according to a source familiar with the matter. Morgan Stanley, Goldman Sachs, Allen & Co. and JPMorgan Chase will lead the offering. Figma plans to list its shares on the New York Stock Exchange under the ticker symbol 'FIG'.