Kleiner Perkins is having a very good week

Kleiner Perkins, a prominent venture capital firm, has experienced a notably successful week driven by two significant tech IPOs. Figma, a design software company, went public on Thursday with shares initially priced at $33 but quickly surged to close Day 1 at $115. Kleiner Perkins sold approximately 2.76 million shares at the IPO price, generating around $91 million in returns, while retaining a substantial stake of over 52 million shares valued at more than $6 billion. This remaining stake alone is worth roughly three times the size of Kleiner Perkins’ last mega fund, underscoring the firm's substantial gains from this investment. Mamoon Hamid, a Kleiner partner and Figma board member, oversaw this investment. In addition to Figma, Kleiner Perkins benefited from the IPO of Ambiq, a smaller chip maker for wearable devices, which raised $96 million by selling 4 million shares. Kleiner holds about 2.08 million shares of Ambiq