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 sets terms in its upcoming initial public offering, and co-founder Dylan Field could net more than $60 million from selling his personal shares.

Design software maker’s offering being followed in Silicon Valley for signs the market is ready for more tech listings