Figma, which makes a design platform, had been on the verge of a $20 billion sale before regulators quashed the deal. On Thursday, it went public, with the stock soaring 158 percent on its first trade.
Category: Initial Public Offerings
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Chinese Battery Giant Surges in Hong Kong Market Debut
Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a “decoupling” of finance continued.
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SPAC Deals Are Back, This Time With a Trump Bump
President Trump’s associates and crypto entrepreneurs are rushing back to the market for the once-hot, but mostly troubled, investment vehicles called special purpose acquisition companies.
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Chobani Plans to Invest Over $1 Billion in New N.Y. Factory
The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the town of Rome.
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Stocks Fall as Inflation Anxiety Dampens Mood on Wall Street
The S&P 500 index dipped as investors weighed new hotter-than-expected inflation data and braced for President Trump’s next round of tariffs.
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CoreWeave Scales Back Ambition for Its I.P.O.
The company, which originally expected its shares to be priced between $47 and $55, will ask for $40 a share in a sign of stock market uncertainty.
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How CoreWeave Went From Crypto Mining to Wall Street’s A.I. Bellwether
CoreWeave, which provides computing power for A.I., was founded by three Bitcoin enthusiasts. The company is now set to make the first prominent A.I. initial public offering.
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Figma in Talks With Bankers to Explore an I.P.O. This Year
The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.
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They’ve Been Waiting Years to Go Public. They’re Still Waiting.
Some tech companies are delaying or pulling their listing plans as the Trump administration’s tariff announcements and other changes cause market volatility and uncertainty.
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Turo Car Rental App Was Quietly Growing Before New Orleans and Las Vegas Attacks
Turo, which investigators say was used to acquire the vehicles involved in the attack in New Orleans and explosion in Las Vegas, was emerging as an alternative car-rental service.
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Deal Makers See a Rebound in 2025 as Trump Returns to Power
It was another down year for mergers and acquisitions, but Wall Street is optimistic that the lengthy lull is coming to an end.