Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too

When Figma introduced the preliminary pricing vary on Monday ($ 25 to $ 28)It additionally revealed a rare determination of the anticipated public subscription.

Present shareholders can be allowed to promote shares greater than the corporate’s plan on the market, in a excessive price. The corporate plans to supply about 12.5 million shares. Nonetheless, present shareholders can be allowed to spend almost 24.7 million shares, He said.

As well as, if this public subscription is sizzling as everybody thinks it is going to be, present shareholders will get the sale possibility collectively, as much as 5.5 million further shares.

Figma Noster Dylan Subject CEO has revealed that he’s planning to promote 2.35 million shares. Within the medium time period, greater than $ 62 million will spend. (This can be a a lot increased quantity if public subscription costs are above $ 28 as effectively.)

Even with this sale, it is going to nonetheless have an enormous variety of shares and management of the corporate. It would carry 74 % of the voting rights after the general public subscription. That is due to the rights to oversee 15 votes for one share for the share of the B. Class wherein it controls, along with the suitable to vote on class B shares from its co -founder, Ivan Wallace, The company says at S-1.

All journey traders in Figma spend some shares, together with index, Greylock, Kleiner Perkins, and Sequoia. If the demand is there for extra analysis, they are going to spend 1.7 million to three.3 million shares every. This could permit them to return some cash to their traders on this liquid mission.

It needs to be famous that every of those traders retains Assad’s share of Figma. One method to clarify this secondary sale is basically that if the corporate doesn’t open gross sales of shares for present traders, it could not have sufficient shares to fulfill the demand.

As you could anticipate, the corporate won’t earn money from shares offered by shareholders. But when its worth is increased than the introduced vary (because it usually occurs with sizzling subscription subscriptions), Figma will elevate extra, in addition to its shareholders.

Earlier than pricing, public subscription consultants anticipated Figma to promote about $ 1.5 billion in shares. If its worth is increased than the vary and exceeds that, Figma will be the largest public subscription From 2025 thus far. The subscription can occur subsequent public, so we are going to see quickly. Figma refused extra remark.