One of the craziest parts of many IPOs is employees watching their net worth balloon (3x in a single day in Figma’s case)
Just to then have to watch it fall 75% in 6 months.
Domo trades at 1.7x ARR at ~$300M ARR
Why? Zero growth and only barely breakeven.
There are LOTS of private companies at a similar scale and profits, but only growing slightly more than Domo.
But they think they are worth 6x+ ARR.
Good luck getting acquired…
