Figs 'Democratized' IPO for Healthcare Professionals: Co-CEO Spears

The video discusses the scrubs industry, highlighting its lack of innovation over the past century. The company aims to revolutionize both product and distribution by offering high-quality scrubs directly to consumers online. Despite being a niche market, the industry presents significant growth potential, with a $12 billion market in the US and $79 billion globally. The company recently went public, offering shares to healthcare professionals and retail investors through Robin Hood, emphasizing democratization of investment opportunities. The company remains committed to independence, focusing on serving the healthcare community, especially during the pandemic.

What was the intention behind allowing healthcare professionals to invest in the IPO?

What commitment does the speaker express regarding the company's independence?