Resolves YES on the date of an IPO, if it happens on or before December 31, 2024. Unusual market structures like direct listings also count as long as the public can buy Figma stock.
May resolve NO early if e.g an IPO date is set for early 2025.
Resolves NO if they get acquired or if a company announces a deal to acquire Figma.
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I don’t think they will be able to pull it off till then since this normally takes a lot of time to do the right way and Figma has little/no pressure to rush the process since they have enough cash and the current economic situation is not great.
Also note that they got 1 Billion from Adobe because the deal broke which means they really have no liquidity problems.
Arguments for NO
More options for companies staying private (very late stage funds, continuation funds, etc)
On average several months between S-1 filing and IPO. Figma has not filed to go public
Most tech startups "planning" for near-term IPO actually do not file within one year. Media not yet reporting that Figma even wants IPO in 2024
@PlainBG Yeah my guess is given the Adobe acquisition they're even less well set up for an IPO than the average similar-sized tech co who has vague plans for one
