Figma has announced its IPO price range of $25-$28 while permitting existing shareholders to sell significantly more shares than the company plans to issue. The company will offer about 12.5 million shares, but shareholders can sell nearly 24.7 million shares, with additional options if demand spikes. Dylan Field, the CEO, intends to sell 2.35 million shares, maintaining 74% voting power post-IPO. Major investors like Index and Sequoia will also sell shares, balancing liquidity for their own investors in the current market context.
Figma announced it will allow existing shareholders to sell nearly double the shares it plans to offer in its IPO, expressing confidence in demand.
Founder Dylan Field plans to sell 2.35 million shares in the IPO while maintaining 74% of voting rights through supervoting shares.
Major venture investors will also sell portions of their holdings, showcasing a trend of liquidity in a venture market lacking cash returns.
Figma aims to meet potential demand by allowing existing investors to cash out significantly more shares than the company itself is offering.
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