Charity sells ₹3.9-crore shares of Figma in IPO, loses out on ₹12,200-crore extra gains
Evan Wallace, Co-founder of Figma which launched its IPO and tripled its value in one day, gifted 13.4 million of the software maker's shares to Marin Community Foundation in June. The charity sold the shares in the IPO, earning approximately $442,000 (about ₹3.9 crore). If it hadn't, the charity's shares would've been worth $1.4 billion (over ₹12,244 crore) after IPO.