Figma’s Dylan Field will release about $ 60 million in the public subscription, with index, Kleiner, Greylock, Sequoia All Tell, too.

When Figma announced the initial pricing range on Monday ($ 25 to $ 28)It also revealed an extraordinary decision of the expected public subscription.

Current shareholders will be allowed to sell shares more than the company’s plan for sale, in a high rate. The company plans to provide about 12.5 million shares. However, current shareholders will be allowed to spend nearly 24.7 million shares, He said.

In addition, if this public subscription is hot as everyone thinks it will be, current shareholders will get the sale option collectively, up to 5.5 million additional shares.

Figma Noster Dylan Field CEO has revealed that he is planning to sell 2.35 million shares. In the medium term, more than $ 62 million will spend. (This may be a much higher number if public subscription prices are above $ 28 as well.)

Even with this sale, it will still have a huge number of shares and control of the company. It will carry 74 % of the voting rights after the public subscription. This is thanks to the rights to supervise 15 votes for one share for the share of the B. Category in which it controls, in addition to the right to vote on category B shares from its co -founder, Ivan Wallace, The company says at S-1.

All adventure investors in Figma spend some stocks, including index, Greylock, Kleiner Perkins, and Sequoia. If the demand is there for excess evaluation, they will spend 1.7 million to 3.3 million shares each. This would allow them to return some money to their investors in this liquid project.

It should be noted that each of these investors keeps Assad’s share of Figma. One way to explain this secondary sale is largely that if the company does not open sales of stocks for current investors, it may not have enough shares to meet the demand.

As you may expect, the company will not make money from shares sold by shareholders. But if its price is higher than the announced range (as it often happens with hot subscription subscriptions), Figma will raise more, as well as its shareholders.

Before pricing, public subscription experts expected Figma to sell about $ 1.5 billion in shares. If its price is higher than the range and exceeds that, Figma will be the largest public subscription From 2025 to date. The subscription can happen next public, so we will see soon. Figma refused more comment.