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Figma Allows $900M Secondary Share Sale at $12.5B Value

deepnewz

deepnewz · 1y ago

Figma Allows $900M Secondary Share Sale at $12.5B Value

Figma, a collaborative online design software company, is allowing employees and early investors to sell up to $900 million in shares through a secondary offering. This comes after Adobe's acquisition proposal at a $20 billion valuation fell through. The new valuation for Figma is $12.5 billion, a 40% discount compared to the proposed Adobe deal. The tender offer is backed by Fidelity and other investors. The offering is one of the largest in recent times, and Figma's valuation is estimated to be just under $12 billion according to Canva's analysis.

Related News

Lenskart May See 20% Increase In Valuation In New Share Sale

Inc42 · 9m ago

Lenskart May See 20% Increase In Valuation In New Share Sale

Lenskart, the Indian eyewear startup, is in discussions with its current investors to raise $200-300 million through a secondary share sale. This funding round would value Lenskart at $6 billion, a 20% increase from its previous valuation of $5 billion. In the fiscal year 2024, Lenskart reported a net loss of INR 10 crore while generating operating revenue of INR 5,428 crore.

Lenskart sets sights on round at $6 billion valuation

Economic Times

Economic Times · 9m ago

Lenskart sets sights on round at $6 billion valuation

Eyewear retailer Lenskart is in discussions for a fresh secondary share sale that could value the company at $6 billion, a 20% increase from its valuation in June. Existing investors including Fidelity, Kedaara Capital, and a significant early investor are seeking to increase their holdings in the company. The final structure and size of the round will depend on finding the right number of sellers. Lenskart has seen significant demand in recent years and has recorded multiple secondary deals. The company's CEO has also hinted at a potential IPO in the next two years.

Elon Musk's xAI reportedly looks to raise $300M in tender offer

TechCrunch · 2m ago

Elon Musk's xAI reportedly looks to raise $300M in tender offer

Elon Musk's AI startup, xAI, is reportedly planning a $300 million share sale, valuing the company at $113 billion. This secondary stock offering allows employees to sell shares to new investors, potentially leading to a larger investment round. The move comes as Musk seeks to focus more on his companies, including xAI, amid setbacks such as Tesla's declining stock and xAI's missed deadlines for its AI model, Grok.

Zepto nears $350M secondary share sale to increase domestic ownership

YourStory

YourStory · 3m ago

Zepto nears $350M secondary share sale to increase domestic ownership

Zepto, a quick commerce unicorn, is nearing a $350 million secondary share sale, valuing it at approximately $5 billion. A major domestic entity has committed $100 million, while additional funding will come from family offices and mutual funds. This transaction allows foreign investors to exit partially. Indian ownership aims to increase beyond 50% before Zepto's IPO, boosting its ability to run an inventory model. Founders have secured Rs 1,500 crore to enhance their holdings.

Peak XV, Tiger Global Eyeing Stake In Meesho Via Secondary Transaction

Inc42 · 1y ago

Peak XV, Tiger Global Eyeing Stake In Meesho Via Secondary Transaction

Indian ecommerce startup Meesho is reportedly in talks for a secondary share sale that could value the company at $3.5bn to $3.9bn. Investors including Peak XV Partners (formerly Sequoia Capital India) and Tiger Global are said to be interested in acquiring a stake in Meesho. The company, which shifted its focus to become a marketplace, reported operating revenue of INR 5,735 crore ($762m) for FY23, a 77% increase from the previous year.

Corporate payments fintech startup Ramp valued at $13 billion after share sale deal

Economic Times

Economic Times · 5m ago

Corporate payments fintech startup Ramp valued at $13 billion after share sale deal

Ramp, a fintech startup specializing in corporate cards and expense management software, achieved a $13 billion valuation following a $150 million secondary share sale to investors such as GIC, Thrive Capital, Khosla Ventures, and General Catalyst. This move reflects investor interest in high-growth startups and allows employees to cash out shares, potentially postponing IPO plans. Ramp, serving over 30,000 clients, has expanded its annual payment volume significantly, reaching $55 billion by late 2023.

Databricks closes in on $55 billion valuation after latest fundraise

Economic Times

Economic Times · 9m ago

Databricks closes in on $55 billion valuation after latest fundraise

Databricks is in discussions to raise around $8 billion in funding, which would value the data analytics company at $55 billion. Most of the funding would come from a secondary share sale, allowing early investors and employees to cash out some of their stock holdings. This would also cover the associated tax costs. Several other startups, including Stripe and OpenAI, have pursued similar fundraising strategies to avoid going public and to strengthen their finances. Major investors Thrive Capital and DST Global are said to be participating in Databricks' fundraising efforts.

Figma set to debut as blockbuster US IPO lifts revival hopes - The Economic Times

Economic Times

Economic Times · 28d ago

Figma set to debut as blockbuster US IPO lifts revival hopes - The Economic Times

Figma, a design software firm, debuted in a significant US IPO, securing a $19.34 billion valuation, slightly below the $20 billion expected from a previously canceled Adobe acquisition. Priced at $33 per share, Figma raised $1.22 billion, signaling a revival in the IPO market. Backed by major investors like Sequoia Capital, Figma's focus on integrating AI into design workflows positions it among high-growth tech companies, attracting strong investor interest.

Payments firm Tonetag looks to bag $50 million from Iron Pillar, others

Economic Times

Economic Times · 10m ago

Payments firm Tonetag looks to bag $50 million from Iron Pillar, others

- Tonetag is in talks with Iron Pillar to raise at least $50 million. - The funding would be a combination of primary and secondary share sale. - Around $30-35 million of the funding is expected to come from primary share sale. - Tonetag has commercial contracts with technology firms like Google and Amazon. - Tonetag closed the first quarter of the current financial year with revenue of Rs 45 crore and is profitable. - Tonetag has built unique technology for sound-based merchant payments.

Fintech firm Yubi's valuation reaches $1.5 Billion in secondary share sale

IndianStartupNews

IndianStartupNews · 2y ago

Fintech firm Yubi's valuation reaches $1.5 Billion in secondary share sale

Indian fintech startup, Yubi (formerly CredAvenue) has reportedly seen a surge in its valuation to $1.5 billion after a secondary share sale transaction. The company's recent financial transaction indicates significant investor interest and confidence in its growth potential. Further details about the specific investors and the purpose of the share sale were not mentioned in the news report.

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