4 ms·
What is Figma doing that is worth an IPO?
by low_common 3y ago
What is Figma doing that is worth an IPO?
- kaliqt 3y agoVery little, but the marketing game is strong. Salesforce started as just sales, does more of a complete solution now, I always thought... wow, what a stupid thing to make so much money, but here it is. I think Figma is the same, it captures a large part of the market and makes a lot of people reliant and pay for it.
- killingtime74 3y agoThere are lots of small listed companies. Bar to IPO is not high
- photonbeam 3y agoThey could direct list publicly, no need to raise capital
- DANmode 3y agoBeing one of few publicly known low-code or no code tools that exposes code? Leaning into that with a new feature right now, actually.
- azemetre 3y agoIs it any different than DataDog, Splunk, NewRelic, Gitlab, DigitalOcean, or any of the other publicly traded saas companies? I mean Figma seems more sticky than something like DataDog. I worked at a company that would hop from DataDog to NewRelic back and forth. It was exhausting but in the end it didn’t take much time TO switch.
- thebradbain 3y agoAccording to Harvard Business school (2017): the median market cap of a publicly traded company is $832m. Even at half its valuation, Figma is way, way, way above that. https://corpgov.law.harvard.edu/2017/05/18/looking-behind-the-declining-number-of-public-companies/ https://corpgov.law.harvard.edu/2017/05/18/looking-behind-th...