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Figma IPO Reveals Unusual Share Selling Strategy
When Figma announced its initial hoped-for price range ($25-$28), it also disclosed a unique decision for its IPO. Existing shareholders can sell more shares than the company plans to offer, with a high ratio. Figma founder CEO Dylan Field plans to sell 2.35 million shares, cashing out over $62 million at the midrange. Despite the sale, he will still hold 74% of the voting rights. Figma’s biggest venture investors, including Index, Greylock, Kleiner Perkins, and Sequoia, are also selling some shares. If demand is high, they could cash out 1.7 million to 3.3 million shares each to return cash to their investors.
Tech and VC Heavyweights Join Disrupt 2025 Agenda
Figma will not profit from the shares its stockholders sell. If it prices above the range, the company and shareholders will raise more funds. Experts expected Figma to sell around $1.5 billion worth of stock, potentially making it the biggest IPO of 2025 to date. The IPO could take place next week, with no further comments from Figma.
