Even when the technology industry is still furious at the hot IPO Figma on Thursday, this week one other significant technological IPO took place: Ambiq Micro. On Wednesday, the chip manufacturer for wearing devices saw his shares from the initial price of USD 24 to over 42 USD on Friday.
There is one common goals: Kleiner Perkins was the most important investor.
It was a very good week for a venerable company Venture. For fun, we calculated the value of Kleiner Perkins in every company.
Kleiner sold 1,346,499 Figma shares for IPO $ 33, Figma revealedAnd he could sell as many as 2,756,020 shares at this price if bankers took advantage of the choice to get additional shares. Considering how much demand was exceeded by the supply of Figma, we are going to assume that bankers will catch a full tranche (or already have).
Meanwhile, Kleiner still has 52 364 374 Figma shares. Stock prices still change hugely in hard trade on day 2, from about USD 110 to over $ 142, but a closed day 1 to 115 USD, so we are going to use this number.
In the case of Figma: an estimated $ 91 million returned from the sale of shares and the remaining share price over USD 6 billion (2,756 02 shares on 33 = 90,948 660 USD and 52 364 374 shares at 115 USD = 6 021 903 010).
In retrospect, this participation in Figma itself is price the last 3x mega-Funds, which was collected by the company, which in 2024 amounted to $ 2 billion in two vehicles. By the way, Kleiner’s partner who supervised his investment was a member of the board of Figma Mamid Hamid.
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Ambiq is a much smaller company and was much smaller IPO. He sold a total of 4 million shares and raised $ 96 million in IPO. Current shareholders are subject to a classic 180 -day lock before they will sell. Kleiner has 2,081,831 shares, The company revealed. Shares are still the subject of costs at the price of IPO from Friday and closed on Thursday each 43.85 USD. So we’ll use this price.
Spith Ambiq: USD 91.3 million (USD 2,081 831 to 43.85 USD = 91 288 289 USD).
But wait! There are more. Kleiner also has a good month and perhaps a yr (Kleiner refused to comment on this story).
The company reportedly obtained a decent return at the starting of this month under the Google agreement for a license for Windsurf technology and hire its best talent. We do not know exactly how many of the VC $ 1.1 billion obtained from the Windsurf agreement went to Kleiner. But Marina Temkin from TechCrunch reports that the total return was about 3 times original financing.
And at least one company supported by Kleiner is waiting on the wings for IPO. Motive Motive Technologies fleets collected $ 150 million run by Kleiner Perkins, and Ilya Fushman joined the board, the company announced This week. Bloomberg Reported In December, this motive is preparing for IPO, potentially still in 2025.