Here's who's getting rich from Figma's blockbuster IPO

Figma's recent IPO has set the tech world abuzz, with the design software company achieving a staggering valuation of nearly $68 billion shortly after going public. Initially priced at $33 per share, Figma’s stock skyrocketed, opening at $85 and peaking at $124.63, making it the most talked-about IPO of the year and a beacon of hope after a prolonged drought in tech IPOs. Among the biggest beneficiaries of this blockbuster debut are Figma's founders and early investors. Dylan Field, co-founder and CEO, holds shares valued at approximately $6.3 billion, while his co-founder Evan Wallace has a stake worth around $3.1 billion. The company’s chief revenue officer, Shaunt Voskanian, and CFO, Praveer Melwani, also saw significant increases in their holdings, valued at $136 million and $171 million, respectively. Notably, investment firms have reaped substantial rewards from Figma's success. Index Ventures emerged as the largest stakeholder, with a 13% ownership translating to a staggering $7.2 billion following the IPO. Greylock Partners and Kleiner Perkins also made strong gains, with their stakes now valued at around $6.7 billion and $6 billion, respectively. Figma’s journey to this point has been anything but straightforward. In 2022, Adobe sought to acquire the company for $20 billion, but after regulatory hurdles halted the deal, Figma bounced back, launching new products and ultimately achieving a much higher valuation. The company raised approximately $1.2 billion from the IPO, a remarkable feat that underscores the strong demand for innovative tech solutions in today’s market. The IPO’s success is also reflected in the enthusiasm surrounding the event, highlighted by a festive block party held outside the New York Stock Exchange. This vibrant celebration marked a pivotal moment not only for Figma but also for the tech industry, signaling a renewed appetite for public offerings after a challenging period. As Figma embarks on this new chapter, the stakes for its investors and founders continue to rise, with many now pondering the next steps in an industry that is constantly evolving.