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by low_common 866 days ago
What is Figma doing that is worth an IPO?
6 comments
thebradbain 865 days ago
According 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-th...

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kaliqt 866 days ago
Very 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.

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DANmode 866 days ago
Being one of few publicly known low-code or no code tools that exposes code?

Leaning into that with a new feature right now, actually.

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killingtime74 866 days ago
There are lots of small listed companies. Bar to IPO is not high
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photonbeam 866 days ago
They could direct list publicly, no need to raise capital
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azemetre 865 days ago
Is 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.

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