Fenwick & West received shares in Figma Inc. valued at almost $30 million as the law firm took the lead on legal issues related to the design and collaboration company’s initial public offering Thursday.
A prospectus filed in relation to the long-awaited public listing by Figma, which raised at least $1.2 billion, show that “individuals and entities associated with Fenwick & West LLP beneficially own” 866,138 shares of its Class A common stock. Figma also listed almost $5.6 million in legal fees and expenses for its IPO, for which Fenwick is handling legal work, according to securities filings.
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