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I support that reason. Price it correctly and put it in the right hands from the get go. They run a perverse and limited process that natural creates a perverse outcome. But their clients do get free $$$ so they likely won’t stop on their own.

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Figma is a great company and stock price charts often tell us little other than how sentiment has swung, but boy does this make the case for direct listings. Not for the reasons @bgurley usually has, but tactically it is better to let the stock trade freely and get to the right price rather than create limited-float conditions for an epic pop that fades. More liquidity from day one can help with this.

JaredSleeper ↗
Library as of 2026-10-25