Reported 23 days ago
Figma Inc.'s upcoming US initial public offering is anticipated to stand out in a sluggish software IPO market, driven by its impressive 46% year-on-year revenue growth and robust customer retention. With a current valuation of around $12.5 billion and a potential return to its previous $20 billion value, Figma's performance metrics, such as a Rule of 40 score of 77, position it favorably among investors. However, competition from AI advancements poses potential challenges, although the company's substantial cash reserves may provide a buffer. A successful IPO could catalyze more tech companies to pursue public listings.
Source: YAHOO