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

When Figma announced the price limit for its initial expectations on Monday ($ 25- $ 28)It also made an unusual decision for its highly expected IPO.

It will allow existing shareholders to sell more shares than plans to sell companies by a high proportion. The company has planned to share about 12.5 million. Yet existing shareholders will be allowed to cash in about 24.7 million shares, It said.

Furthermore, if this IPO should be as hot as it should be, existing shareholders will collectively, the option of selling shares up to 5.5 million.

Figure founder CEO Dylan Field has revealed that he is planning to sell 2.5 million shares. In Midrange, he will make Million more than $ 62 million in cash. (If the price of IPO is above $ 28 it can be too much number))

Even with this sale, he will still control a large number of shares owners and agencies. He will hold 74% right after the IPO. Thanks for overseeing 15 votes per share he controls he controls, as well as his co-founder Ivan Wallace, the right to vote on The Class B Share The company says at its S -1The

The largest initiative in investors in Figa, investors all cash, including indicators, grill, Clear Parkins and Sikoia. If there is a demand for additional allocation, they will cash 1.7 million to 3.3 million shares. It allows them to give their investors back some cash in the zealous market in this fluid.

Although it should be noted that each of these investors is keeping the lion of their Figma holdings. One of the ways to explain this larger secondary sale is that if the company does not open the share sales to the existing investors, there may not be enough share to meet the demand.

As you can expect, the company will not make money from the shares that sell its stockholders. However, its declared range (such as often with hot IPOs) should be priced higher, as Figma will increase even more, as its shareholders.

Before the price determined, IPO experts hoped that Figma would sell about $ 1.5 billion stock. It should be given the price above the range and it should be exceeded, Figma will be the largest IPO Today is 2025. IPOs can happen next week, so we will see soon. Figma rejects further comments.