{"id":585990,"date":"2025-07-31T18:03:09","date_gmt":"2025-08-01T01:03:09","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/07\/%e4%b8%8a%e5%b8%82%e9%a6%96%e6%97%a5%e6%9a%b4%e6%b6%a8250%ef%bc%8c%e8%bf%99%e5%8f%aaipo%e6%96%b0%e8%82%a1%e7%83%ad%e5%ba%a6%e4%b8%ba%e4%bd%95%e5%a6%82%e6%ad%a4%e9%ab%98%ef%bc%9f\/"},"modified":"2025-07-31T18:03:53","modified_gmt":"2025-08-01T01:03:53","slug":"%e4%b8%8a%e5%b8%82%e9%a6%96%e6%97%a5%e6%9a%b4%e6%bc%b2250%ef%bc%8c%e9%80%99%e5%8f%aaipo%e6%96%b0%e8%82%a1%e7%86%b1%e5%ba%a6%e7%82%ba%e4%bd%95%e5%a6%82%e6%ad%a4%e9%ab%98%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/07\/%e4%b8%8a%e5%b8%82%e9%a6%96%e6%97%a5%e6%9a%b4%e6%bc%b2250%ef%bc%8c%e9%80%99%e5%8f%aaipo%e6%96%b0%e8%82%a1%e7%86%b1%e5%ba%a6%e7%82%ba%e4%bd%95%e5%a6%82%e6%ad%a4%e9%ab%98%ef%bc%9f\/","title":{"rendered":"\u4e0a\u5e02\u9996\u65e5\u66b4\u6f32250%\uff0c\u9019\u53eaIPO\u65b0\u80a1\u71b1\u5ea6\u70ba\u4f55\u5982\u6b64\u9ad8\uff1f"},"content":{"rendered":"<p><a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=FIG\">Figma\uff08NYSE: FIG\uff09<\/a>\u80a1\u50f9\u9031\u56db\u4e0a\u5e02\u9996\u65e5\u5927\u5e45\u98c6\u5347\u3002\u7f8e\u570b\u6771\u90e8\u6642\u9593\u4e0b\u53482\u9ede\u5de6\u53f3\uff0c\u8a72\u80a1\u4ee585\u7f8e\u5143\u7684\u50f9\u683c\u958b\u76e4\uff0c\u8f0333\u7f8e\u5143\u7684\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u767c\u884c\u50f9\u4e0a\u6f32158%\uff0c\u96a8\u5f8c\u7e7c\u7e8c\u6500\u5347\u3002\u622a\u81f3\u6536\u76e4\uff0c\u9019\u53eaIPO\u65b0\u80a1\u50f9\u683c\u4e0a\u6f32250%\u81f3115.5\u7f8e\u5143\u3002<\/p>\n<p>\u6b64\u6b21\u66b4\u6f32\u4e26\u4e0d\u4ee4\u4eba\u610f\u5916\u3002Figma\u4e0a\u5e02\u4e4b\u969b\u6b63\u503c\u80a1\u5e02\u5275\u6b77\u53f2\u65b0\u9ad8\uff0c\u4e14\u96a8\u8457\u95dc\u7a05\u64d4\u6182\u964d\u6eab\uff0c\u98a8\u96aa\u504f\u597d\u578b\u79d1\u6280\u80a1\u91cd\u7372\u9752\u775e\uff0c\u82f1\u5049\u9054\u7b49\u80a1\u7968\u5df2\u5927\u5e45\u4e0a\u6f32\u3002\u6b64\u5916\uff0cFigma\u5e7e\u4e4e\u5177\u5099\u4e86\u6295\u8cc7\u8005\u5c0dIPO\u6240\u671f\u5f85\u7684\u6240\u6709\u8981\u7d20\uff0c\u9019\u4e5f\u4f3c\u4e4e\u70ba\u8a72\u80a1\u9996\u65e5\u80a1\u50f9\u7684\u98c6\u5347\u5960\u5b9a\u4e86\u57fa\u790e\u3002<\/p>\n<h2>\u6a21\u7bc4\u521d\u5275\u4f01\u696d<\/h2>\n<p>IPO\u672c\u8eab\u5177\u6709\u98a8\u96aa\uff0c\u4f46\u6295\u8cc7\u8005\u6703\u5c0b\u627e\u4e00\u4e9b\u7279\u5fb5\u4f86\u5224\u65b7\u662f\u5426\u503c\u5f97\u5192\u96aa\u3002\u9019\u4e9b\u7279\u5fb5\u5305\u62ec\u5f37\u52c1\u7684\u6536\u5165\u589e\u9577\uff0c\u76c8\u5229\u80fd\u529b\uff0c\u9f90\u5927\u7684\u53ef\u670d\u52d9\u5e02\u5834\u4ee5\u53ca\u57fa\u790e\u7522\u54c1\u6216\u670d\u52d9\u7684\u53ef\u64f4\u5c55\u6027\u3002Figma\u662f\u5c11\u6578\u5177\u5099\u6240\u6709\u9019\u4e9b\u7279\u8cea\u7684IPO\u4f01\u696d\u3002<\/p>\n<p>\u66f4\u96e3\u5f97\u7684\u662f\uff0c\u5b83\u9084\u7372\u5f97\u4e86\u884c\u696d\u5de8\u982d\u7684\u8a8d\u53ef\u30022022\u5e74\uff0cAdobe\uff08ADBE\uff09\u66fe\u8a66\u5716\u4ee5200\u5104\u7f8e\u5143\u6536\u8cfc\u8a72\u516c\u53f8\uff0c\u4f46\u76e3\u7ba1\u6a5f\u69cb\u56e0\u64d4\u6182\u5169\u5bb6\u516c\u53f8\u7684\u5408\u4f75\u5c07\u5c0d\u8a2d\u8a08\u8edf\u4ef6\u884c\u696d\u7684\u7af6\u722d\u7522\u751f\u8ca0\u9762\u5f71\u97ff\uff0c\u56e0\u6b64\u963b\u6b62\u4e86\u9019\u4e00\u4ea4\u6613\u3002\u9019\u4e00\u4e8b\u4ef6\u53ef\u80fd\u662f\u5c0dFigma IPO\u7684\u6700\u5927\u80cc\u66f8\u3002\u5b83\u4e0d\u50c5\u5438\u5f15\u4e86\u884c\u696d\u9f8d\u982d\u7684\u6536\u8cfc\u610f\u9858\uff0c\u800c\u4e14\u7576\u6642Adobe\u9084\u9858\u610f\u652f\u4ed8\u5de8\u984d\u6ea2\u50f9\u3002<\/p>\n<p>\u5c0dIPO\u4f01\u696d\u800c\u8a00\uff0c\u9019\u5e7e\u4e4e\u662f\u6700\u6709\u529b\u7684\u8b49\u660e\u4e86\u3002\u53e6\u5916\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0c\u6309\u7167Figma\u7684IPO\u5b9a\u50f9\uff0c\u516c\u53f8\u4f30\u503c\u4f4e\u65bc\u8fd1\u4e09\u5e74\u524dAdobe\u7684\u5831\u50f9\uff0c\u5c0d\u65bc\u80fd\u5920\u53c3\u8207\u6b64\u6b21\u767c\u884c\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u9019\u662f\u4e00\u4efd\u79ae\u7269\u3002<\/p>\n<h2>Figma\u7684\u95dc\u9375\u8ca1\u52d9\u6578\u64da<\/h2>\n<p>Figma\u7684\u5e02\u5834\u4fe1\u8b7d\u4e0d\u50c5\u6e90\u65bcAdobe\u6536\u8cfc\u6848\uff0c\u516c\u53f8\u5b63\u5ea6\u696d\u7e3e\u6578\u64da\u4e5f\u6975\u70ba\u4eae\u773c\u3002<\/p>\n<p>\u904e\u53bb\u56db\u500b\u5b63\u5ea6\uff0c\u516c\u53f8\u6536\u5165\u589e\u957746%\u81f38.21\u5104\u7f8e\u5143\u3002\u66f4\u51fa\u8272\u7684\u662f\uff0c\u6839\u64da\u516c\u8a8d\u6703\u8a08\u6e96\u5247\uff08GAAP\uff09\u6838\u7b97\u7684\u71df\u696d\u5229\u6f64\u7387\u9ad8\u905417%\u3002\u8981\u77e5\u9053\uff0c\u8a31\u591a\u4e0a\u5e02\u591a\u5e74\u7684\u8edf\u4ef6\u516c\u53f8\u4ecd\u672a\u76c8\u5229\uff0c\u8edf\u4ef6\u6295\u8cc7\u8005\u5f80\u5f80\u4e5f\u66f4\u770b\u91cd\u589e\u9577\u800c\u975e\u76c8\u5229\u3002\u6b64\u5916\uff0c\u6bdb\u5229\u7387\u9ad8\u905491%\uff0c\u8868\u660e\u6838\u5fc3\u7522\u54c1\u5177\u6709\u6975\u9ad8\u7684\u6210\u672c\u6548\u76ca\uff0c\u5f37\u5927\u7684\u76c8\u5229\u80fd\u529b\u8b93\u516c\u53f8\u6709\u66f4\u591a\u7684\u8cc7\u91d1\u6295\u5165\u7522\u54c1\u958b\u767c\u3001\u92b7\u552e\u548c\u904b\u71df\u3002<\/p>\n<p>17%\u7684\u71df\u696d\u5229\u6f64\u7387\u9084\u8868\u660e\uff0cFigma\u7684\u7522\u54c1\u548c\u7af6\u722d\u5730\u4f4d\u8db3\u5920\u5f37\u5927\uff0c\u7121\u9700\u9f90\u5927\u7684\u92b7\u552e\u5718\u968a\u63a8\u92b7\u7522\u54c1\uff0c\u9019\u5c0d\u4f01\u696d\u7684\u9577\u671f\u5065\u5eb7\u767c\u5c55\u662f\u500b\u597d\u5146\u982d\u3002\u76ee\u524d\uff0c78%\u7684\u798f\u5e03\u65af\u5168\u74032000\u5f37\u4f01\u696d\u90fd\u5728\u4f7f\u7528Figma\uff0c\u986f\u793a\u5927\u4f01\u696d\u5df2\u5ee3\u6cdb\u63a5\u7d0d\u8a72\u7522\u54c1\u3002\u7136\u800c\uff0c\u516c\u53f8\u589e\u52a0\u652f\u51fa\u7684\u7a7a\u9593\u4ecd\u7136\u5de8\u5927\uff0c\u56e0\u70baFigma\u8a8d\u70ba\u5b83\u7684\u53ef\u670d\u52d9\u5e02\u5834\uff08TAM\uff09\u898f\u6a21\u9054330\u5104\u7f8e\u5143\uff0c\u4e14\u5927\u6982\u7387\u9084\u5c07\u6301\u7e8c\u589e\u9577\u3002<\/p>\n<h2>Figma\u80a1\u7968\u503c\u5f97\u8cb7\u5165\u55ce\uff1f<\/h2>\n<p>IPO\u662f\u98a8\u96aa\u6295\u8cc7\uff0c\u4e00\u90e8\u5206\u539f\u56e0\u662f\u65b0\u80a1\u80a1\u50f9\u901a\u5e38\u9700\u8981\u4e00\u6bb5\u6642\u9593\u7684\u6ce2\u52d5\u4e4b\u5f8c\u624d\u80fd\u4f01\u7a69\u3002\u5728\u6b64\u4e4b\u524d\uff0c\u6295\u8cc7\u8005\u53ef\u80fd\u9700\u8981\u518d\u89c0\u5bdf\u5e7e\u500b\u5b63\u5ea6\u7684\u8ca1\u5831\u3002<\/p>\n<p>\u4f5c\u70ba\u4e00\u5bb6\u4f01\u696d\uff0cFigma\u524d\u666f\u5149\u660e\uff0c\u80a1\u7968\u6709\u6ea2\u50f9\u5341\u5206\u5408\u7406\u3002\u4f46\u5728IPO\u7576\u65e5\u80a1\u50f9\u66b4\u6f32\u4e09\u500d\u5f8c\uff0c\u516c\u53f8\u5e02\u503c\u5df2\u98c6\u5347\u81f3\u7d04600\u5104\u7f8e\u5143\uff0c\u5c0d\u61c9\u5e02\u92b7\u7387\uff08P\/S\uff09\u9ad8\u9054\u7d0470\u500d\u3002\u5373\u4f7f\u516c\u53f8\u518d\u51fa\u8272\uff0c\u9019\u4e5f\u662f\u4e00\u500b\u6975\u9ad8\u7684\u4f30\u503c\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u898f\u6a21\u5927\u5f97\u591a\u7684\u8edf\u4ef6\u884c\u696d\u5de8\u982dAdobe\u7576\u524d\u5e02\u503c\u4e5f\u50c5\u70ba1500\u5104\u7f8e\u5143\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Figma\uff08NYSE: FIG\uff09\u80a1\u50f9\u9031\u56db\u4e0a\u5e02\u9996\u65e5\u5927\u5e45\u98c6\u5347\u3002\u7f8e\u570b\u6771\u90e8\u6642\u9593\u4e0b\u53482\u9ede\u5de6\u53f3\uff0c\u8a72\u80a1\u4ee585\u7f8e\u5143\u7684\u50f9\u683c\u958b\u76e4\uff0c [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":555921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2144,793,1677,2138],"class_list":["post-585990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-ipo-zh-hant","tag-793","tag-technology-zh-hant","tag-2138","sectors-technology-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/585990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=585990"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/585990\/revisions"}],"predecessor-version":[{"id":585993,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/585990\/revisions\/585993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/555921"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=585990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=585990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=585990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}