Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
Figma (FIG) has filed for a proposed Initial Public Offering (IPO) in the U.S.
Per the company’s prospectus: "Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google (NASDAQ:GOOGL) Maps; requesting rides with Uber (NYSE:UBER); checking in for flights on JetBlue; streaming shows on Netflix (NASDAQ:NFLX); learning languages with Duolingo (NASDAQ:DUOL); asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb."
For the first three months of 2025, Figma posted revenue of $228.2M, net Income of $44.9M.
Morgan Stanley (NYSE:MS), Goldman Sachs, Allen & Company and J.P. Morgan will serve as lead undewriters.