Clean tech initiative from the likes of Kleiner Perkins, one of the country’s five largest venture capital firms. They created a sound fiscal strategy and landed profitable investments. The company most recently reaped huge profits from its participation in Google’s licensing agreement for Windsurf. This deal facilitated Google’s access to Windsurf’s technology and served to lure some of the best talent from the firm. This news creates an exclamation point for Kleiner Perkins’ track record of continuing to support companies that catch the eye of industry heavyweights.
Kleiner Perkins took the extreme step of selling 1,346,499 shares of Figma. For the IPO, they priced it a bit hot at $33 per share. Under the agreement, the firm can sell up to 2,756,020 shares. This would be true if the bankers ever decided to exercise their option to obtain more shares. The potential sale of these shares at the same IPO price could have resulted in a total of $90,948,660 for Kleiner Perkins.
At the same time, the firm capitalized on its investment in Figma. It is for real in that it sold 52,364,374 shares at $115 per share, totaling a staggering $6,021,903,010. In total, this IPO cycle, Kleiner Perkins sold about 4 million shares, netting the firm just under $96 million for itself.
Kleiner Perkins shows its might in the venture capital world by owning a stake in Ambiq worth a whopping $91.3 million. This stake amounts to 2,081,831 shares at $43.85 per share. This latest investment deepens the firm’s claim to being one of the largest and most influential venture capital firms in the industry. Seems like it’s a good month for Kleiner Perkins — looks like it’ll be one of the firm’s best years ever. This is a major positive sign for the firm.
In all of the above recent successes, Kleiner Perkins has decided to take a vow of silence on these exciting developments. The firm’s current shareholders are required to follow a typical 180-day lock-up period. This is not uncommon practice after an IPO and locks them into waiting longer before they can sell their shares.
Kleiner Perkins’ influence doesn’t stop at the gates of Figma and Windsurf. Another of its other portfolio company, Motive, is making IPO preparations expected to go public in 2025. This highly anticipated IPO should add to the firm’s already robust financial picture as it keeps its long-term focus on deploying capital to the best possible companies.
One of Kleiner Perkins’ portfolio companies has seen extreme volatility in its share price when the stock is traded heavily. It varied between roughly $110 and over $142, ending up debuting at $115. This kind of volatility is a great example of the hyper dynamic nature of the market that Kleiner Perkins calls home.
