Figma IPO windfall: VCs net billions, who bagged how much?

Figma has become the latest major tech company to go public on the New York Stock Exchange (NYSE). Its market debut was nothing short of impressive. The stock surged by 250% on the first day of trading, giving the company a market value of $61.5 billion based on listed shares.

Including employee stock options and restricted stock units, Figma’s fully diluted valuation exceeds $73 billion. This is more than triple Adobe’s previous $20 billion acquisition offer, which was blocked by regulators who said the deal could reduce competition in the…