logo
Figma, Backers Seek to Raise $1 Billion in US IPO

Figma, Backers Seek to Raise $1 Billion in US IPO

Bloomberg21-07-2025
Figma, along with some of its investors, are seeking to raise as much as $1.03 billion in a US initial public offering, which could give it a market value of as much as $13.6 billion. Anthony Hughes reports on Bloomberg Television. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ruane Cunniff's Strategic Moves: MSA Safety Inc. Takes Center Stage with 2.74% Portfolio Impact
Ruane Cunniff's Strategic Moves: MSA Safety Inc. Takes Center Stage with 2.74% Portfolio Impact

Yahoo

time18 minutes ago

  • Yahoo

Ruane Cunniff's Strategic Moves: MSA Safety Inc. Takes Center Stage with 2.74% Portfolio Impact

Exploring the Investment Philosophy and Recent Portfolio Adjustments Introduction to Ruane Cunniff (Trades, Portfolio) Warning! GuruFocus has detected 7 Warning Signs with SCHW. Ruane Cunniff (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into their investment moves during this period. Founded in 1969 by Bill Ruane and Rick Cunniff, the firm operates on the belief that investing in great businesses at reasonable prices can outperform the stock market. By conducting exhaustive primary research and adhering to their principles, Ruane Cunniff (Trades, Portfolio) has built an impressive track record. William Ruane, a Graham-and-Doddsville superinvestor, was recognized by Warren Buffett (Trades, Portfolio) and was a student of Benjamin Graham. The firm focuses on owning quality businesses run by quality people, aiming for long-term growth and value. Their strategy is rooted in paying attractive prices for high-quality, fast-growing businesses, with the goal of achieving higher returns than the S&P 500 Index with less fundamental risk. Summary of New Buy Ruane Cunniff (Trades, Portfolio) added a total of six stocks to their portfolio, with the most significant addition being MSA Safety Inc. (NYSE:MSA). The firm acquired 949,067 shares, which account for 2.74% of the portfolio, with a total value of $158.997 million. The second largest addition was Bio-Techne Corp (NASDAQ:TECH), consisting of 152,417 shares, representing approximately 0.14% of the portfolio, with a total value of $7,841,860. The third largest addition was Dollar General Corp (NYSE:DG), with 2,144 shares, accounting for a total value of $245,230. Key Position Increases Ruane Cunniff (Trades, Portfolio) also increased stakes in a total of seven stocks. The most notable increase was in Icon PLC (NASDAQ:ICLR), with an additional 453,833 shares, bringing the total to 1,708,183 shares. This adjustment represents a significant 36.18% increase in share count, a 1.14% impact on the current portfolio, and a total value of $248,455,220. The second largest increase was in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with an additional 51,388 shares, bringing the total to 1,917,681. This adjustment represents a 2.75% increase in share count, with a total value of $434,335,570. Summary of Sold Out Ruane Cunniff (Trades, Portfolio) completely exited one holding in the second quarter of 2025: Builders FirstSource Inc (NYSE:BLDR). The firm sold all 4,700 shares, resulting in a -0.01% impact on the portfolio. Key Position Reduces Ruane Cunniff (Trades, Portfolio) also reduced positions in 17 stocks. The most significant changes include a reduction in Meta Platforms Inc (NASDAQ:META) by 113,414 shares, resulting in a -22.2% decrease in shares and a -1.19% impact on the portfolio. The stock traded at an average price of $617.26 during the quarter and has returned 19.31% over the past three months and 34.48% year-to-date. Additionally, the firm reduced its position in Liberty Broadband Corp (NASDAQ:LBRDK) by 494,166 shares, resulting in a -20.73% reduction in shares and a -0.76% impact on the portfolio. The stock traded at an average price of $83.86 during the quarter and has returned -33.63% over the past three months and -14.65% year-to-date. Portfolio Overview As of the second quarter of 2025, Ruane Cunniff (Trades, Portfolio)'s portfolio included 44 stocks. The top holdings included 10.37% in Charles Schwab Corp (NYSE:SCHW), 10.1% in Liberty Media Corp (NASDAQ:FWONK), 8.75% in Intercontinental Exchange Inc (NYSE:ICE), 7.76% in Capital One Financial Corp (NYSE:COF), and 7.48% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The holdings are mainly concentrated in six of the 11 industries: Financial Services, Communication Services, Healthcare, Technology, Industrials, and Consumer Cyclical. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.

Fluent Cargo launches Global Disruption Feed
Fluent Cargo launches Global Disruption Feed

Yahoo

time18 minutes ago

  • Yahoo

Fluent Cargo launches Global Disruption Feed

Fluent Cargo has introduced its Global Disruption Feed in response to escalating tariff volatility and record-high US seaborne container imports. The feature includes a real-time intelligence service designed to inform companies of disruptions affecting shipping routes globally. The Global Disruption Feed is an enhancement to Fluent Cargo's online platform, which offers routing, schedules, tracking, pricing, and emissions data for cargo shipments. The new feature provides timely updates, allowing shippers and freight forwarders to make informed decisions on the best shipping routes. Fluent Cargo CEO Archival Garcia said: 'With potential new tariffs creating immediate pressure to optimise supply chains and the US-China trade relationship facing renewed uncertainty, logistics managers need real-time disruption intelligence more than ever. 'Traditional monthly planning cycles simply can't handle today's volatility, whether it's trade policy changes, severe weather, or infrastructure failures.' This launch comes at a critical time as supply chain uncertainty grows due to fluctuating tariffs and traditional planning cycles struggle to keep pace with dynamic market conditions. Furthermore, the shipping industry is facing various disruptions beyond tariffs. For instance, Sydney's ports have been suspended by a 'bomb cyclone' since 1 July, with winds reaching 125km/hr. Similarly, rail closures since 4 July have disrupted connections to Hamburg's main container facilities. "Companies that can adapt their routing strategies immediately will maintain competitive advantage while others struggle with disruption. Our platform transforms how businesses respond to the unexpected, from severe climate events to port closures,' added Garcia. Fluent Cargo's Global Disruption Feed not only notifies users of disruptions but also offers severity ratings and detailed location information. This enables logistics professionals to transition from reactive crisis management to a proactive strategy to optimise their supply chain operations. The Global Disruption Feed is now available to Fluent Cargo users across the world. Furthermore, Fluent Cargo's recent partnership with market intelligence firm Xeneta in April aims to enhance freight routing and pricing decisions. As Xeneta's first partner in Australia and New Zealand, Fluent Cargo will facilitate broader access to valuable market data for companies in the region. "Fluent Cargo launches Global Disruption Feed" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Exchange Operator MIAX Jumps 39% After $345 Million IPO
Exchange Operator MIAX Jumps 39% After $345 Million IPO

Bloomberg

time20 minutes ago

  • Bloomberg

Exchange Operator MIAX Jumps 39% After $345 Million IPO

Miami International Holdings Inc. rose 39% from its initial public offering price as the exchange operator became the most recent financial services business to get a warm welcome in its trading debut. Shares rose to $32 on Thursday, versus an IPO price of $23. MIAX, as the company is known, raised $345 million in a heavily oversubscribed deal. Shares were marketed in a range of $19 to $21 apiece, according to the company.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store