Lina Khan points to Figma IPO as vindication of M&A scrutiny

Re:Lina Khan points to Figma IPO as vindication of M&A scrutiny by Dylan16807 on Sunday August 03, 2025 @07:33PM (#44780752)

> The idea that there's a significant lobby on fucking Hacker News unhappy that a startup IPO'd for a zillion bucks and made everyone rich is twilight zone shit. It makes no sense according to the stated values in the fucking masthead.

Blocking the merger was good. But I'm not convinced the IPO was good. I think trying to be a company that's worth tens of billions of dollars is only going to make Figma worse. I care about the users more than the people that got rich.

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Re:Lina Khan points to Figma IPO as vindication of M&A scrutiny by duped on Sunday August 03, 2025 @08:28PM (#44781060)

I mean the bigger problem with the IPO was that they opened at a 20b valuation and by the end of the day a bunch of investors got richer than anyone who built anything because the investment bankers left 30+ billion in valuation on the table for their buddies

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Re:Lina Khan points to Figma IPO as vindication of M&A scrutiny by blitzar on Monday August 04, 2025 @06:00AM (#44783784)

> bankers left 30+ billion in valuation on the table for their buddies

Small float, big hype, litterally designed to pump the stock on the float.

1.2bn was raised - of which only 0.8bn was cashing out existing shareholders - all the other investors got the pump as planned all for the low price of $1.6bn.

Basically the existing shareholders got watered down by ~5% and the value of the shares they still hold are 3x and now liquid, better than they got in any of the vc funding rounds.

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