5 days ago
IPOs in US Stock Market: Figma, stablecoin giant Circle raise the bar as newly public stocks fare against S&P 500
A surge in equity markets and robust debuts from notable newcomers have fueled renewed enthusiasm for initial public offerings. Design software maker Figma and stablecoin giant Circle peaked at 333 per cent and 864 per cent above their IPO prices in the days following their debut, highlighting how eager investors are to get behind the companies they think are future winners.
Here's how an ETF tracking major newly public stocks has fared against the benchmark S&P 500 over the past year:
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Below is a look at how some of the biggest IPOs in recent years have performed:
FIREFLY AEROSPACE:
The Northrop Grumman-backed space tech firm
Live Events
upsized
its IPO and priced above range to raise $868.3 million. Its stock
opened
nearly 56% above the IPO price on the Nasdaq.
FIGMA:
Design software maker Figma raised $1.22 billion in its IPO and
ended its first day
on the NYSE with an eye-popping gain of 250% in July.
Its shares are now trading about 6% higher than where they opened, and 174% higher than the IPO price.
CHIME:
The financial technology company
priced
its IPO above the marketed range, raising $864 million in June.
The stock
opened
59% higher on debut and is now trading nearly 22% above the IPO price.
CIRCLE INTERNET:
The stablecoin issuer raised $1.05 billion in an upsized IPO earlier in June, debuting with a valuation of nearly $18 billion on a fully diluted basis.
Its shares more than doubled on day one, closing about 168% above the IPO price. The stock is trading 134% above its price at open.
ETORO:
Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut in May.
The stock and cryptocurrency trading platform raised $620 million in an upsized IPO. Its stock has declined 19% since the debut. COREWEAVE:
The AI cloud firm's Nasdaq debut was muted in March, but the stock has jumped nearly three-fold despite opening nearly 3% below its offer price.
The Nvidia-backed company raised about $1.5 billion in its IPO for a valuation of about $23 billion on a fully diluted basis.
VENTURE GLOBAL LNG:
The liquefied natural gas exporter raised $1.75 billion in its offering in January, settling for nearly half the valuation it had aimed for earlier.
The company's shares opened nearly 4% below their IPO price in a subdued NYSE debut. They have plunged around 40% since then.
SAILPOINT:
The Thoma Bravo-backed identity security company's shares traded flat in their Nasdaq debut, valuing it at $12.8 billion. The stock has since lost nearly 12%.
The Austin, Texas-based company raised $1.38 billion in an upsized IPO.
ARM HOLDINGS:
The chip designer raised $4.87 billion in its offering in September 2023, valuing it at $54.5 billion. It had sought a valuation of as much as $52 billion.
The company's shares rose 10% at the open. The stock has more than doubled since then.
INSTACART:
The San Francisco-based company, which is incorporated as Maplebear, was priced at the top end of the marketed range in its IPO. It raised $660 million at a nearly $9.9 billion valuation in September 2023.
It had hiked its proposed price range and targeted a valuation of up to $10 billion.
The grocery delivery app's stock popped 40% at the open and has since gained about 14%.
VIKING HOLDINGS:
The cruise operator's IPO raised $1.54 billion in April last year, valuing it at $10.35 billion. It had sought a valuation of as much as $10.8 billion in the offering.
Viking's shares opened 9% above their offer price and have more than doubled since.
STANDARDAERO:
The aircraft maintenance services provider notched a valuation of roughly $8 billion after pricing its offering above range to raise $1.44 billion in October last year. It had initially targeted a valuation of up to $7.69 billion.
The Carlyle-backed company's shares began trading 29% above the offer price. They have since lost around 9%.
LINEAGE:
The cold storage real estate investment trust raised $4.45 billion in its listing in July 2024, at a valuation of more than $18 billion. It had aimed for a valuation as high as $19.16 billion.
The company's stock gained 5% in its Nasdaq debut at the open. However, it has fallen 46% below its price at open.
REDDIT:
The social media giant fetched $748 million in its IPO in March last year, which valued it at $6.4 billion — the top end of the target range at which it had advertised.
Its stock opened 38% above the offer price, and has jumped more than four-fold since.
BIRKENSTOCK:
The 250-year-old German sandal maker raised $1.48 billion and was valued at $9.3 billion in its IPO in October 2023, slightly lower than its target of $10 billion.
Its shares debuted 11% below their IPO price but have risen 20% since.
FAQs
Q1. How has
Figma IPO
performed?
A1. Figma IPO peaked at 333 per cent above their IPO prices in the days following their debut.
Q2. How has
Circle IPO
performed?
A2. Stablecoin giant Circle peaked 864 per cent above their IPO prices.
