The Wall Street Journal’s Saturday/Sunday, August 2-3, 2025 article, “Software IPO Left $3 Billion on Table” brought back the old debate about money being “left on the table” by issuers and investment bankers who underprice shares sold in an issuer’s IPO. The Wall Street Journal wrote, “Figma and selling shareholders raised $1.2 billion in the IPO. They could have pocketed much more had the initial shares, priced at $33 apiece, been priced higher.” It noted that Figma‘s shares jumped 250% in its first day of trading on July 31 to $115.50 per share, suggesting that its sale of about 37 million shares in the IPO could have been $3.0 billion more. At the close on August 1, 2025, the stock continued to rally to $122 per share, before declining by a third to settle at $88.60 on August 4, 2025.
Posts tagged Figma.