Figma Aims At $16.4 Billion Valuation As Tech IPOs Bounce Back (reuters.com) 15
An anonymous reader quotes a report from Reuters: Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings. The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each, it said on Monday. The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe failed due to regulatory hurdles in Europe and the UK. Figma's IPO is expected to occur the week of July 28th, offering shares priced between $25 and $28. It'll trade under the symbol "FIG".
Meanwhile, in AI land (Score:3)
All the AI companies aren't speedrunning for an IPO because they know their businesses wouldn't stand up to the scrutiny of a public company.
Re:Meanwhile, in AI land (Score:4, Informative)
All the AI companies aren't speedrunning for an IPO because they know their businesses wouldn't stand up to the scrutiny of a public company.
I recall years ago when Snapchat announced their IPO. In their public filings, they summarized that they had lost millions every year, had never made a profit, and may never be profitable.
They were valued at over 20 billion after making that claim and going public with it.
We have the same stock market today. No better. At some point we stopped giving a shit about things like profitability. This is also why the market will crash again. Hard.
WHY??? (Score:2)
I have never understood why design teams like Figma. Its navigation and tools are not intuitive. Something as "simple" as sharing a link from the design team to the dev team, leaves developers wondering "What on earth am I supposed to be looking at?"
Is it more that designers don't know how to use the tool? Or is it the tool? Either way, it's the tool.
It's not adobe (Score:5, Informative)
People would rather use Figma than deal with Adobe.
Re: (Score:3)
OK, that's an argument I can definitely understand.
Re: (Score:2)
I least I've HEARD OF Adobe.
Re: WHY??? (Score:2)
Re: (Score:2)
I have never understood why design teams like Figma. Its navigation and tools are not intuitive. Something as "simple" as sharing a link from the design team to the dev team, leaves developers wondering "What on earth am I supposed to be looking at?"
Is it more that designers don't know how to use the tool? Or is it the tool? Either way, it's the tool.
Speaking as a Drupal developer: Figma is great for designing Components, communicating and sharing code between teams. 'Everything' is Components for the last 5 years or so. A Component library developed in Figma by designers is directly transferable to theme code Drupal front-end developers can work with, as in copy-pasted html, css, js in a folder for each Component. Component Variations are similarly simple code differentiation.
A Component structure in the Drupal Radix theme is pretty much like a Compone
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So, I respect that it is a very capable component designer. My team right now is the recipient of this type of design in Figma.
But...
I think this use case loses sight of the premise that a designer should be building a *mockup,* not a fully-baked precision model. If you're going to go to all that trouble in Figma, you've actually *done* the development already, so what's the web developer for? Mockups are supposed to be a *quick* way to let people see what things will look like and how the flow will work, b
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That's your opinion. Some people sees things differently.
Also, I am not claiming mi
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It's not just an opinion. For those who do high-res designs in Figma, I'd ask...why? What advantage do you gain, building the same design twice--once in Figma, and again in the UI framework? If you're going to do that, just go ahead and build a Bootstrap style library, and then throw together a static HTML page to show it off! Not much more work, if any, and you can easily tweak it, share it, and then incorporate it.
What's Figma? (Score:3, Informative)
incredible (Score:1)
Re: (Score:3)
Wait until you see what Bitcoin is worth.
Re: (Score:1)
It's worth very little.
But like pussy, people have been known to vastly overpay for it.
Just ask that kiss cam guy if the pussy he got was worth what he is about to pay for it.