Behind Figma's IPO Pricing Incident
20VC with Harry Stebbingsยท2025-08-07 15:10
The people who said, "Oh, Figma left $3 billion on the table." The 98 price only happened because the IPO happened at 38. The discussion they were having on the day was, let's call it the halagan discussion of do I go two bucks more and exclude Fidelity or two bucks less and take Fidelity and it's a good useful discussion. And had someone walked in and said, I know this IPO is going to price at 100 bucks a share to open tomorrow morning.Let's raise at 80. They wouldn't have had a book cuz no one has bid at ...