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Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too
Figma is allowing existing shareholders to sell even more stock than the company will in its IPO.
When Figma announced its initial hoped-for price range on Monday($25-$28), it also revealed an unusual decision for its highly anticipated IPO. In addition, should this IPO be as hot as everyone thinks it will be, existing shareholders will get the option to sell, collectively, up to 5.5 million more shares. Figma’s biggest venture investors are all cashing out some shares, as well, including Index, Greylock, Kleiner Perkins, and Sequoia.
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