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.

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.

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.