By Karen Roman
IPO Edge Editor-in-Chief John Jannarone joined Schwab Network’s Nicole Petallides in an interview to discuss the latest San Francisco venture capital-backed IPO of Figma, Inc. (NYSE: FIG), which currently trades at $80 per share – or nearly triple it’s offering price.
With a $20 billion valuation at IPO, Figma is the first classic tech company of this size going public in years, and Mr. Jannarone said he expects future IPOs like Klarna and Stripe as early as this fall with a potentially higher valuation than Figma. He also mentioned the company’s founder, Dylan Field, aimed at attracting big institutional investors who would buy and hold the shares when he considered pricing.
Mr. Jannarone explained investors ought to be cautious when buying FIG shares now considering it has been trading at 50-times forward sales since its debut, an extremely elevated multiple.
For further insights into these topics readers are invited to attend the First LA CorpGov Forum on September 4, 2025, in Los Angeles. Click here to learn more about this event.
To watch the full Schwab interview with Ms. Petallides and Mr. Jannarone, CLICK HERE or watch below.
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