Figma: Index Ventures partners sell $103.8 million in shares

Index Ventures and affiliated entities, significant shareholders of Figma, Inc. (NASDAQ:FIG), have collectively sold 3,293,776 shares of Class A Common Stock on August 1, 2025. The sales were executed at a price of $31.515 per share, resulting in a total transaction value of approximately $103.8 million. The transaction comes as Figma maintains impressive gross profit margins of 88.5% and approaches its next earnings release on August 26. According to InvestingPro analysis, the stock currently trades near its 52-week low of $79, with significant price volatility observed in recent months.

Specifically, Index Ventures VI (Jersey) LP sold 3,187,765 shares directly. Additionally, Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. sold 64,345 shares, and Yucca (Jersey) SLP sold 41,166 shares. The company maintains a strong liquidity position with a current ratio of 3.54, indicating robust short-term financial health.

On the same day, Index Ventures also converted preferred stock into Class A Common Stock. 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 automatically converted into Class A common stock of the Issuer on a 1-for-1 basis immediately prior to the closing of the Issuer’s initial public offering. While currently unprofitable, analysts tracked by InvestingPro expect the company to achieve profitability this year.

In other recent news, Figma has announced the pricing of its initial public offering at $33 per share. The company plans to start trading on the New York Stock Exchange under the symbol "FIG" on July 31. The IPO 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 set to close on August 1, pending customary conditions. Analysts from DA Davidson have shown optimism about Figma’s public listing, calling it "an ideal IPO candidate." They suggest that this could pave the way for more software IPOs in the next 12 to 18 months. The pricing range implies a fully diluted market capitalization between $14.6 billion and $16.4 billion. These developments highlight significant investor interest in Figma’s market debut.

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