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Even as the tech industry continues to buzz about Figma’s successful IPO, Kleiner Perkins, a major investor, is celebrating another win this week with Ambiq Micro’s IPO. The chip maker for wearable devices saw its shares soar from $24 to over $42 within days.
Kleiner Perkins’ Stake in Figma
Kleiner Perkins sold 1,346,499 shares of Figma at $33 per share during the IPO. They could have sold even more if the bankers exercised their option. With remaining shares worth over $6 billion, Kleiner Perkins’ stake in Figma alone exceeds their last mega-fund.
Ambiq Micro’s IPO Success
Ambiq Micro, a smaller company, raised $96 million by selling 4 million shares. Kleiner Perkins holds 2,081,831 shares, currently valued at $91.3 million. This adds to Kleiner Perkins’ successful month, with a significant return from Google’s recent deal and potential IPO of another backed company, Motive Technologies.
Kleiner Perkins continues to make strategic investments, positioning themselves for further success in the tech industry.
