When Figma announced its initial price range on Monday (USD 25-28), it also revealed an unusual decision about the highly expected IPO.
This will allow existing shareholders to sell more shares than the company plans to sell, in response to a high indicator. The company plans to supply about 12.5 million shares. However, current shareholders will have the option to pay the money from almost 24.7 million shares, he said.
In addition, if IPO will be as hot as everyone thinks that existing shareholders will receive the option of sales as much as 5.5 million other shares.
Dylan Field Figma Figma revealed that he is planning to sell 2.35 million shares. In the wounded middle, he earns over $ 62 million. (This could also be a much larger number if IPO prices also above USD 28)
Even at this sale, it will still have a huge variety of shares and control the company. After IPO, it will accommodate 74% of vote rights. This is attributable to the laws supervising 15 votes for the motion for controlling class B shares, in addition to the right to vote for the B -class of its co -founder, Evan Wallace, The company says in its S-1.
The largest Venture Figma investors also pay some shares, including index, Greylock, Kleiner Perkins and Sequoia. If the demand for an excessive position, they pay from 1.7 million to three.3 million shares per item. This should allow them to return some money to their investors in this market of liquidity.
It must be noted, nevertheless, that each of those investors retains lion’s share in their farms Figma. One technique to interpret this secondary sales is that if the company didn’t open the sale of shares for existing investors, he couldn’t have enough shares to satisfy the demand.
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(*60*) you may expect, the company does not earn shareholders on the shares. But if the price above the announced scope (as is often the case with hot IPO), Figma will raise more, identical to its shareholders.
Before valuation, IPO experts expected Figma to sell shares value around $ 1.5 billion. If the price above the scope and exceeds it, Figma could be the largest IPO 2025 so far. IPO can occur next week, so we’ll see soon. Figma refused to comment further.