Figma IPO's surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over a donor's oil fortune

Figma IPO's surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over a donor's oil fortune

As Figma went public this week to much fanfare—and an almost instantaneous 250% stock pop—quite a few folks from Silicon Valley made money. But the biggest winner in terms of immediate IPO proceeds is not any of the marquee Silicon Valley venture capital firms such as Index Ventures, Greylock, and Kleiner Perkins, who sold only small slivers of their stakes in the offering. Nor is it any of the Figma management team, including CEO Dylan Field, w…

Figma’s $68B IPO Vindicates Antitrust Block of Adobe Deal

The Antitrust Echoes of Figma’s Triumph In a move that underscores the ongoing tensions between regulators and tech giants, Lina Khan, the former chair of the Federal Trade Commission, has hailed Figma’s recent initial public offering as a clear validation of stringent merger and acquisition oversight. Khan, known for her aggressive stance against Big Tech consolidations during her tenure, pointed to the design software company’s blockbuster IPO…

The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace

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Figma IPO’s surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over an oil fortune decades ago

As Figma went public this week to much fanfare—and an almost instantaneous 250% stock pop—quite a few folks from Silicon Valley made money. But the biggest winner in terms of immediate IPO proceeds is not any of the marquee Silicon Valley venture capital firms such as Index Ventures, Greylock, and…