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Director Daniel H. Rimer reported selling 3,293,776 shares of Figma, Inc. (FIG:FIG) Class A Common Stock on August 1, 2025. The sales were executed at a price of $31.515 per share, totaling $103,787,593. The transaction comes as Figma’s stock trades near its 52-week low of $79, with the company maintaining impressive gross profit margins of 88.53%. InvestingPro data reveals 14 additional key insights about Figma’s current market position.
On the same day, Rimer also acquired shares of Class A Common Stock through the conversion of preferred stock. These conversions involved 58,998,575 shares by Index Ventures VI (Jersey), L.P., 50,878 shares by Index Ventures Growth IV (Jersey), L.P., 1,128,085 shares by Index Ventures Growth V (Jersey), L.P., 1,190,880 shares by Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P., and 797,659 shares by Yucca Jersey SLP. The price for these conversions was $0.
Additionally, Rimer converted Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock into Class A common stock.
In other recent news, Figma has set the price for its initial public offering at $33 per share, as stated in a company press release. The design and product development platform plans to commence trading on the New York Stock Exchange under the symbol "FIG." The offering includes approximately 37 million shares of Class A common stock, with Figma offering 12.47 million shares and existing stockholders selling 24.46 million shares. The IPO is anticipated to close on August 1, pending customary closing conditions. Analysts from DA Davidson have expressed a positive outlook on Figma’s upcoming public listing, calling it "an ideal IPO candidate." They suggest that this could pave the way for additional software IPOs in the next 12 to 18 months. The pricing range for Figma’s IPO indicates a fully diluted market capitalization between $14.6 billion and $16.4 billion, according to DA Davidson. These developments mark significant milestones for the company as it enters the public market.
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