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.