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BiyaPay Analyst: Following Circle, the US stock market will welcome a heavyweight IPO as Silicon Valley's "design tool" Figma takes the stage.
Figma successfully went public on July 31, with an IPO pricing of $33, oversubscribed by 30 times, raising over $1.2 billion and reaching a valuation of $19.5 billion. The company has strong profitability, with a revenue rise of 48% year-on-year. Figma's listing injects confidence into tech stocks and signals a recovery in the IPO market.
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