Reported 3 days ago
Will Griffith, a partner at Iconiq Capital, shares insights on Iconiq's celebration of Figma’s IPO, which saw shares leap from an initial $33 to $115.50, culminating in a $47 billion market cap. He recounts his early investment in Figma after meeting its founders, noting the unique appeal of browser-based design software. While Iconiq did not disclose its exact stake, Griffith highlighted the importance of existing investors selling shares to ensure a successful IPO, despite some reluctance among them. He views the IPO as a significant milestone in Figma's journey rather than the ultimate goal.
Source: YAHOO