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svcphr | 7 months ago

Its market cap is about $58b right now. Tripled in three years!

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mattmcknight|7 months ago

But the company only sold the shares at $19.3B.

snowwrestler|7 months ago

But they also only sold a very small number of shares at that valuation, vs all of them at $20B to Adobe.

cogman10|7 months ago

Right, which gave them 19B (ish) to play with and they are an independent competitor to Adobe.

Mergers trigger layoffs

dv_dt|7 months ago

If they have to issue shares the higher valuation is significant

singhrac|7 months ago

The employees will have to wait 180 days (at least that's the standard) before selling any shares, so they usually feel the effects of a "bounce".