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Figure AI sent cease-and-desist letters to secondary markets brokers
Last month, Brett Adcock, founder of a robotics startup Figure AI, claimed in a post on X that his company "is now # 1 most sought-after private stock in
Last month, Brett Adcock, founder of a robotics startup Figure AI, claimed in a post on X that his company “is now # 1 most sought-after private stock in the secondary market.” Both brokers told TechCrunch that some companies chafe at the prospect that lower-priced secondary shares could compete with the new round. Desai, naturally, argues that the reverse could be true: active secondary market trading could attract more interest for primary shares in a new raise.
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