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Figma more than triples in NYSE debut after selling shares at $33
- paulpauper 1y agoThis is considered 'bad' for Figma because they left money on the table
- nothercastle 1y agoYeah they left a lot of money on the table if it tripled. Its like selling your house for 1/3 of its value
- mandeepj 1y agoYes and No! They didn’t sell of the company.
- nothercastle 1y agoWell they did sell a portion of It that’s essentially what stocks are supposed to be.
- mandeepj 1y agoI made a grammar mistake. Sorry. I meant to say they didn’t sell the entire company.
- canucker2016 1y agoplus the six month lockup period starts now. Figma employees gotta hope that end of 2026 January sees the stock price at a similar level or higher, or at least high enough to make a profit.
- Sohcahtoa82 1y agoI'd buy some Put options if I was a Figma employee. Buy them out-of-the-money enough that the premiums are relatively inexpensive. As of right now, it's trading at $138/share, though options aren't available yet, at least on RH. But I'd probably buy a $100 Put option expiring in January. I'd expect that's enough out of the money to balance the premiums versus risk.
- blerb795 1y agoI can't speak to their specific policies, but employees are often prohibited from trading in derivatives on company stock (and are regardless subject to open trading windows, which sometimes do not open until after the lockup has expired)
- robocat 1y agoPlus although the finances might balance out, it takes extra care to ensure taxation isn't unbalanced (or other risks).
- mgh2 1y agoStrategic move on a bull market. With the return of meme stocks [1] and crypto [2], expect more SPAC style IPOs next, we are in the AI speculative period, brace for a crash in 2-5yrs [3]. [1] https://news.ycombinator.com/item?id=44662427 https://news.ycombinator.com/item?id=44662427 [2] https://www.tradingview.com/news/invezz:91bb28859094b:0-here-s-what-robinhood-ceo-has-to-say-about-renewed-meme-stock-phenomenon/ https://www.tradingview.com/news/invezz:91bb28859094b:0-here... [3] https://news.ycombinator.com/item?id=44741151 https://news.ycombinator.com/item?id=44741151