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"TradFi MEV" "Legalised Front Running"
Pretty interesting reading about the Figma IPO
- IPO was at $33 - 40x over-subbed
- 60% of the sale to private investors
- Retail couldn't get in (so many screenshots of Robinhood accounts getting 1 share, yes 1).
It's now trading at $136, but did the suits just win again?
Super interested tweet thread here on issues with IPOs -
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