Ed Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who’s 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments…
(Bloomberg) — Figma Inc. has taken investors who pounced on the year’s hottest initial public offering for a wild ride, shedding $21 billion from a peak in the days following its record-breaking IPO. Most Read from Bloomberg The San Francisco-based company’s shares have been trading on-and-off all week below the $85 level, where they opened…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Thursday, July 31, design-tech company Figma Inc. (NYSE:FIG) launched its initial public offering (IPO). This isn’t just any tech company. It’s the collaborative platform used by thousands of companies, from startups to heavy hitters like Google and…
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…
Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and…
Good morning. Did you know that ChatGPT will now remind you to take a break if you’re in a particularly long conversation with the chatbot? OpenAI says its goal “isn’t to hold your attention, but to help you use it well.” That makes all the sense in the world for a business model that involves…
Figma’s sensational IPO last week resurrected longstanding debates about IPO pricing and first day pops—an unsurprising reaction to the newly listed stock’s 333% surge in its first days of trading. As investors dissect the offering (and as Figma’s stock settles back a bit, falling 27% on Monday), other key questions have emerged: Will Figma’s debut…
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. In a Friday afternoon post on X, Khan linked to an article about Figma’s impressive first day of trading and argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be…
Figma (FIG) stock seesawed on Friday, ending the day up a bit more than 5% after dipping negative throughout morning trading. Friday’s moves come after shares in Figma rocketed upward by 250% in Thursday’s blockbuster public market debut. The design software company priced its IPO at $33 per share late Wednesday, and the stock did…
Figma’s shares more than tripled in their New York Stock Exchange debut Thursday, signaling renewed investor appetite for technology initial public offerings after a multiyear slump. The San Francisco?based design software company priced its IPO at $33 a share, raising $1.2 billion, with most proceeds going to existing shareholders. Shares opened at $85 and were…