Figma seeks to raise $1.2bn, but US and Global index inclusion is postponed until 2026 due to insufficient free float and public voting rights ahead of lock-up expiries.
What is covered in the Full Insight:
Overview
Share Capital
Free Float
Voting Rights
Index Implications
Boomeranged on Mon, 11 Aug 2025 06:15
Figma failed fast-entry to US-S TMI (snp) and US-C (crisp) despite price rally of 270% due to free float being below 10% excluding the greenshoe. If the greenshoe is exercised by 18 August it will get added to US-S TMI in September 2025, otherwise inclusion will be postponed until September 2026. Addition to US-C is expected in March 2026 following the 6-month lock-up expiry.