Figma's IPO resulted in a 333% increase in its stock price, sparking renewed interest in tech IPOs. The stock later fell 27%. Investors speculate whether this will encourage more startups to go public. Companies like Databricks, Klarna, Stripe, and various AI startups are potential candidates for IPOs. However, names like Canva, Revolut, Midjourney, Motive, and Anduril are seen as likely to IPO sooner. Positive IPOs signal a favorable environment for public offerings, potentially motivating more companies to list.
"Having positive IPOs is a good signal for everybody," says Kirsten Green, founder and managing partner at Forerunner Ventures, whose portfolio company Chime recently went public and experienced a 37% pop in stock price on its first day of trading.
There’s a long list of late-stage VC-backed tech companies with strong customer bases that Wall Street investment bankers would love to take public.
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