Design software company Figma is planning to offer about 12.47M class A common shares priced in the range of $25 to $28 per share in its IPO on the New York Stock Exchange. The San Francisco-based company said in a regulatory filing on Monday that selling stockholders are offering about 24.

Figma disclosed a $70M Bitcoin ETF position and blockchain stock plans in its IPO filing, signaling crypto adoption.

Figma disclosed preliminary results for the second quarter showing revenue growth between 39% and 41% year over year.

Design software maker Figma on Tuesday filed for an initial public offering, becoming the latest tech firm to plan a trading debut as the market for new listings shows signs of heating up.

The Sequoia-backed Figma is expected to raise up to $US1.5 billion when it hits public markets in what may be the biggest software deal of the year.