Figma CEO Dylan Field to Cash Out $60M in IPO, Venture Investors Sell Too

Figma is set to raise around $60M in its IPO, with CEO Dylan Field cashing out 2.35M shares, worth over $62M at the midrange price of $28. Existing shareholders, including Index, Greylock, Kleiner Perkins, and Sequoia, will also sell shares, totaling around 24.7M shares. Despite these sales, Field will retain 74% voting rights and control the company.

Figma, a leading design software company, is set to embark on its Initial Public Offering (IPO) journey, with an expected raise of nearly $1 billion. The company, founded in 2012 by Dylan Field and Evan Wallace, is planning to offer more than 36 million shares of Class A stock, priced between $25 and $28 per share [1]. This offering includes a mix of primary and secondary shares, allowing the company to raise around $1 billion.

One of the notable aspects of Figma's IPO is the significant shareholder activity. CEO Dylan Field plans to sell 2.35 million shares, which could be worth over $62 million at the midrange price of $28 per share. Additionally, existing shareholders, including Index, Greylock, Kleiner Perkins, and Sequoia, will sell around 24.7 million shares. This secondary sale allows these investors to liquidate a portion of their holdings while maintaining a significant stake in the company. Despite these sales, Field will retain 74% of the voting rights and control the company, thanks to his supervoting rights of 15 votes per share for Class B stock [2].

Figma's IPO is expected to value the company at $15.9 billion at the midrange price, which is less than the $20 billion acquisition offer from Adobe in 2022 but more than the company's last private valuation of $12.5 billion [1]. The company initially filed its intent to go public back in April and is expected to price its IPO the week of July 28.

The IPO could be a significant event for the technology sector, with Figma joining other recent public offerings like CoreWeave and Circle. The company's strong financial performance, with year-over-year revenue growth of 39% to 41% in the second quarter, adds to its attractiveness for investors [3].

References:
[1] https://techcrunch.com/2025/07/21/figma-looks-to-raise-nearly-1-billion-as-it-kicks-off-its-ipo-roadshow/
[2] https://techcrunch.com/2025/07/21/figmas-dylan-field-will-cash-out-about-60m-in-ipo-with-index-kleiner-greylock-sequoia-all-selling-too/
[3] https://www.cnbc.com/2025/07/21/figma-ipo-software-value.html