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.

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.

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