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.

The San Francisco-based design software company, together with some of its investors, plans to raise as much as $1.03 billion by offering nearly 37 million shares priced between $25 and $28 each, according to a statement released Monday.

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