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Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.

The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.

The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn’t been easy to reach this point.

Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.

The company raised $7.3 billion over the last year, as the lure of artificial intelligence changes Silicon Valley deal-making.

Regulatory scrutiny felled the sale of Figma, a design platform, to Adobe. Now it’s grappling with employee expectations and a changing market.