Figma is kicking off its initial public offering with plans to raise about $1 billion. The design software start-up plans to list under the stock ticker “FIG” at the New York Stock Exchange.

Figma’s stock-market debut comes after a string of successful IPOs this year, including Circle Internet Group Inc. CoreWeave Inc. and Chime Financial Inc. as the new issues market warms up to companies that have been waiting to go public for years and have been able to grow to a significant size by tapping private-market capital.

Figma Inc. and some of its investors are seeking to raise as much as $1.03 billion in a US initial public offering, as the app design and collaboration software company readies what could be one of the biggest listings of the year.