July 23, 2025
Tech News
Figma is preparing for a highly anticipated IPO, targeting a price range of $25 to $28 per share. In a unique twist, the company will allow existing shareholders to sell up to 24.7 million shares, significantly exceeding its planned offering of 12.5 million shares. This unusual arrangement comes amid growing demand for Figma’s stock.
Dylan Field, Figma’s CEO, plans to sell approximately 2.35 million shares, potentially cashing out over $62 million, depending on the IPO pricing. Notably, even after this sale, he will retain 74% of the voting rights due to supervoting rights associated with his Class B shares. This structure keeps significant control in his hands post-IPO.
Meanwhile, prominent backers of Figma, including Index, Kleiner Perkins, and Sequoia, will also be selling shares but are expected to maintain most of their holdings. This secondary sale underscores the need for liquidity in the venture market while still showcasing confidence in Figma’s future.
In another segment of the tech landscape, Alphabet is gearing up to reassure investors as competitive pressure intensifies from AI startups like OpenAI and Perplexity. With rival platforms attracting millions of users, Alphabet is enhancing its own offerings to maintain its market dominance, particularly in search and advertising segments.
To bolster these efforts, Alphabet has introduced AI Overviews, providing users with AI-generated summaries that enhance traditional search links. This innovation has reportedly attracted 1.5 billion monthly users. In addition, Alphabet is poised to report second-quarter earnings, with analysts anticipating a revenue boost fueled by AI investments.
Shifting gears to the gaming industry, Saber Interactive has announced the development of Clive Barker’s Hellraiser: Revival, the first video game set in the Hellraiser universe. This survival horror game, combining story-driven action with thrilling gameplay, is in development, much to the excitement of fans of the classic horror franchise.
The game will feature contributions from notable figures including Doug Bradley, who reprises his iconic role as Pinhead. Clive Barker himself is involved in the story development, promising a chilling experience that balances on the edge of horror and revelation.
Tech Explained
IPO – An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time. This allows the company to raise capital from public investors while providing early investors and stakeholders an opportunity to sell shares.
Supervoting Rights – Supervoting rights refer to a structure in corporate governance where certain shares, typically held by founders or key executives, come with enhanced voting power compared to ordinary shares. This ensures that these individuals maintain significant control over company decisions even with reduced ownership.
Startup – A startup is a newly established business, often in the technology sector, that seeks to develop a scalable business model. Startups typically face high uncertainty and risk, but they also present opportunities for significant returns.
AI Overviews – AI Overviews refers to features provided by tech companies that summarize content or provide insights using artificial intelligence. These tools aim to enhance user experience by presenting valuable information quickly and succinctly, aiding in decision-making and search efficiency.
Survival Horror – Survival horror is a genre of video games designed to instill fear and tension in players. These games typically involve elements such as limited resources, a focus on exploration, and the presence of enemies or monsters that create a suspenseful atmosphere, compelling players to avoid confrontation whenever possible.
