The company plans to list its shares on the New York Stock Exchange under the ticker symbol “FIG.” Chief Executive Officer Dylan Field has reportedly hinted that Figma could make acquisitions after going public.

Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings.

The design software start-up filed the terms of its upcoming initial public offering, with plans to sell 37 million shares at $25 to $28 a share.