The IPO trap that took Figma from $115 to $22 — and how to stay out of the next one
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Editor’s Note: Cerebras just went public… and SpaceX, Anthropic, and OpenAI — representing over $3 trillion in combined valuation — are lined up behind it. A lot of investors are getting excited about this AI IPO boom, but veteran trader Jonathan Rose thinks that excitement is a trap.
I invited him to share his thoughts with us, using the collapse of Figma stock after its IPO as the blueprint. What’s especially intriguing is where the smart money actually goes when these deals price — and what that has to do with the live event he hosted with Marc Chaikin on Thursday night. If you missed it, it’s still free to watch the replay here.
Here’s Jonathan with more.
