When Figma announced its initial price range hoping Monday ($ 25- $ 28), it also revealed an unusual decision on the long-awaited IPO.
It will allow existing shareholders to sell more shares than the company plans to sell, with a high reason. The company plans to offer about 12.5 million shares. However, existing shareholders will be allowed to redeem from nearly 24.7 million shares, he said.
In addition, if this iPO is as hot as everyone thinks it will be, existing shareholders will be able to sell, collectively, up to 5.5 million shares.
Figma Managing Director Dylan Field revealed that he is planning to sell 2.35 million shares. Midrange will redeem over $ 62 million. (This may be a much higher number though IPO values above $ 28, too.)
Even with this sale, he will still hold a huge number of shares and control the company. Will hold 74% of voting rights after IPO. This is thanks to the rights of 15 votes per share for Category B stock that controls, plus the right to vote on Class B shares of co -founder, Evan Wallace, The The Ther Company tells S-1.
Figma’s largest investors also redeemed some shares, including the index, Greylock, Kleiner Perkins and Sequoia. If the demand is there for excessive withdrawal, it will redeem 1.7 million to 3.3 million shares per piece. This will allow them to return some cash to their investors in this business market.
It should be noted, however, that each of these investors maintains a lion’s share in Figma’s holdings. One way to interpret this largely secondary sale is that if the company had not opened the sales of shares to existing investors, it might not have had enough shares to meet demand.
TechCrunch event
Francisco
|
27-29 October 2025
As one would expect, the company will not make money from the shares sold by its shareholders. But if its price above its announced range (as is often the case with hot public registrations), Figma will increase more, as well as its shareholders.
Prior to pricing, IPO experts expect Figma to sell about $ 1.5 billion. If the price is above the range and exceeds that, the Figma would be the largest IPO of 2025 to date. IPO could happen next week, so we’ll see soon. Figma refused further comments.
