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Greylock XIV Limited Partnership, a ten percent owner of Figma, Inc. (NASDAQ:FIG), sold 3,074,755 shares of Class A Common Stock on August 1, 2025. The shares were sold at a price of $31.515, totaling approximately $96.9 million. The sale comes as Figma’s stock, currently trading at $79.08, has declined over 31% in the past six months. According to InvestingPro, the company maintains impressive gross profit margins of 88.5% despite recent market challenges.
The transactions, indirectly held by Greylock XIV Limited Partnership, Greylock XIV-A Limited Partnership and Greylock XIV Principals LLC, also involved the conversion of preferred stock into Class A Common Stock. On August 1, 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 on a 1-for-1 basis immediately prior to the closing of Figma’s initial public offering. The company, now valued at $43.2 billion, shows strong liquidity with a current ratio of 3.54. InvestingPro subscribers can access 12 additional key insights about Figma’s financial health and market position.
In other recent news, Figma has announced the pricing of its initial public offering at $33 per share. The company is set to begin trading on the New York Stock Exchange under the symbol "FIG" on July 31. The IPO involves 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 offering is expected to close on August 1, pending customary closing conditions. Analysts at DA Davidson have shown optimism regarding Figma’s public listing, referring to it as "an ideal IPO candidate." They suggest that this listing might pave the way for more software IPOs in the coming 12 to 18 months. The pricing range indicates a fully diluted market capitalization between $14.6 billion and $16.4 billion, as per DA Davidson’s analysis. These developments mark significant steps for Figma as it enters the public trading arena.
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