Discussion

• r/StockMarket r on reddit

  Figma's stock sinks 27% after last week's IPO pop

• @vishalkgupta Vishal K. Gupta on x

  “CEO wanted to bring on board certain long-term institutional shareholders” If this is true.. this is the stupidest shit ever

• @j0hnwang John Wang on x

  Figma underpriced its IPO to please the gatekeepers. It's easier to comply with the system than go against it Until we rebuild capital markets structure (crypto?) or a brave behemoth defies them (e.g. SpaceX establishing a new precedent), founders will keep folding to the cartel

• @breakingsaas Thomas Robb on x

  You give them a partial position. There's only so many high-quality, long-term growth funds that can make sizable investments in public markets. Each of them have a target % of fund for a full position. You give them 10-20% of the position. You can back into how much will be

• @j0hnwang John Wang on x

  yes, bring on board “long-term investors” by giving them zero lockup and an 80% discount to opening price that's one way to light $3B on fire while getting applauded by Wall Street

• @geoffreywoo Geoffrey Woo on x

  Maybe we shouldn't feel bad for @zoink and his shareholders because it's his company and his money and why is everyone pocket counting these new billionaires and millionaires. If you go IPO, you can go negotiate with your ibanks and charge a higher list price.

• @bgurley Bill Gurley on x

  Consider this. If you leave those investors on the sideline don't they represent massive future buying support? Or do you assume they would shun you out of spite? And if that's true - why do you want them again?