Figma IPO: Should You Buy FIG Stock?

The Figma IPO has plenty of buzz building around it, with the design software company expected to start trading this week.

Activity in the initial public offering (IPO) market is accelerating following a spring freeze. According to Renaissance Capital, there have been 120 IPOs priced this year through July 30, a 46% increase from the year prior.

Total proceeds from this year's filings are down 21% year over year to $18.3 billion.

This year's biggest IPOs include stablecoin issuer Circle Internet Group (CRCL) and CoreWeave (CRWV), an artificial intelligence (AI) cloud company, which raised $1.05 billion and $1.5 billion, respectively, in their offerings.

Wall Street will now turn to Figma, a design software company and former Adobe (ADBE) acquisition target, which is set to start trading this week.

"Investor demand for Figma has proven to be incredibly strong, with shares reportedly oversubscribed by more than 30 times," says Greg Martin, managing director at Rainmaker Securities.

This elevated demand for the shares "suggests long-term confidence in Figma and a view that their independence in the wake of the Abode deal collapse was ultimately beneficial, allowing Figma to accelerate their AI innovation while expanding their product line," Martin adds…Read Full Article