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Its market cap is about $58b right now. Tripled in three years!
by svcphr 1y ago
Its market cap is about $58b right now. Tripled in three years!
- mattmcknight 1y agoBut the company only sold the shares at $19.3B.
- cogman10 1y agoRight, which gave them 19B (ish) to play with and they are an independent competitor to Adobe. Mergers trigger layoffs
- seattle_spring 1y agoFigma raised $1.2B in their IPO. Total shares listed != money raised, not by a long shot. Most shares are just to give liquidity to existing shareholders of the company.
- dv_dt 1y agoIf they have to issue shares the higher valuation is significant
- snowwrestler 1y agoBut they also only sold a very small number of shares at that valuation, vs all of them at $20B to Adobe.
- hackernewds 1y agothis is the answer
- singhrac 1y agoThe employees will have to wait 180 days (at least that's the standard) before selling any shares, so they usually feel the effects of a "bounce".