Tech IPOs Bullish, Figma, Circle roaring after ‘years of Prohibition’

. Arrogance This week, the public offering, perhaps due to the company’s name gained more importance.

Peter Thiel -backed crypto currency stock exchange, the day increased by 84%on the day of the gate increased by more than twice the gate, Tech IPO bulls were the last sign that the bulls returned to work.

Design Software Dealer in July Figure He doubled in the New York Stock Exchange and the shares of the crypto company a month ago Apartment It rose 168% in the early days of the big board.

Wall Street has been waiting for a long time.

Three years ago, steep inflation and rising interest effectively closed the market for public offers. Technical stocks forced tanks and private capital to be dried and forced their cash -burning initiatives to remove their attention from growing and turn them into productivity and profitability.

Earlier this year, when companies such as Stubhub and Klarna opened their prospectuses, they seemed to be loosened earlier this year, but President Donald Trump traveled in the markets in April with tariff plans. The demonstrations were uncertain.

Since then, the president’s tariff agenda has gained some stability and the investor’s money has been poured into technology, and in April to the lowest level of this year, it pushes more than 40% record. The CEOs of the heavy accumulation of high valuable initiatives and Entrance Capitalists Gain confidence that it will host the highest -level companies of public markets.

Before the first release of Figma, NYSE President Lynn Martin said CNBC’s “Squawk on the street”, the tremendous demand for this offer can “open the flood doors” for the rest of the market. And at the beginning of this week, NASDAQ CEO Adena Friedman said that “Fast Money” was a “very healthy list of companies looking for public offering before the holiday season in the second half of this year.

“I meet a large number of CEOs, I’m preparing to think about what they want and where they go in public markets.” He said.

There are more than 10 billion dollars or more than two downtime -supported US technology companies. CB Insights. Stubhub updated the prospectus and claimed that an offer would come soon.

“The public offering window is open,” said Rick Heitzmann, a partner of Venture Firms Firstmark, in an interview with CNBC “Closing Bell” this week. “In the industry, you have seen a wide -based support for the public offering, and therefore we advise the companies we invest in order to prepare and open to the public.”

Another major issue between VCs and bankers is the regulatory environment.

The Biden administration received heat from the initial investors that they destroyed the great purchases attributed to Lina Khan’s heavy hands perceived in the Federal Trade Commission, and at the same time, companies could not alleviate the restrictions they said to be less attractive than staying special.

Paul Atkins, the new president of the SEC, said in July that he wanted to “make the ipos again wonderful” by removing some obstacles about statements and complexity of the risk of the case. It did not offer many special suggestions.

Friedman, CNBC’ye, after the first speech with Atkins after entering the work of the public to make the public easier and more attractive, he said.

“Speaking was constructive on many fronts, the requirements of explanation, the proxy process, the fact that companies were open to the public and to walk in public markets were other things that made it really difficult.” He said. “He’s interested as we do, I hope we’ll turn it into big action.”

In addition to the large notched big gains by Bull, Figma and Circle, public markets welcomed the online banking provider Bell With 37% earnings and trade application last month ethoro With 29% pop in May. Health Technology Market saw two public offering: Hinge health And Health health.

However, Circle and Figma, which triggered the chattering of a new bull market for public offering, were roaring outputs. Figma increased by 250% on the public offering day after the pricing shared a dollar in front of an updated range. After the stablecoin exporter was priced on the expected range, Circle’s value increased by more than twice.

Such a price action held a discussion in front of the last public offering in 2020 and 2021 when the initiative capitalist Bill Gurley’s first day of the first day of the first day offered to new investors and deliberately offering the money to new investors. Gurley defended direct lists in which companies listed at a price that effectively match the demands of stocks.

While the Figma hit the market, Gurley returned and referred to as a “expected and completely deliberate” result that benefited from the customers of big investment banks.

“They bought it for $ 33 last night and they can sell over $ 90 today.” “I would like to see the location of the public offering of DLS-it makes sense to comply with demand. But Wall Street may be very dependent on big customer data.”

High School Buyer, the founder of IPO Consulting Firm Class V Group, written In LinkedIn, the company calls where the stock price is priced and abundant thoughts are made for the process. In addition, in the public offering, companies sell only a small percentage of unpaid stocks in the case of Figma, about 7%.

This is already happening.

Circle, this week, the secondary offer offers more than 10 million shares, he said. And on Fridays, CNBC’s Leslie selector, Sunflower seedIt has increased by 150% since the March IPO, and this week it has organized some block transactions.

However, the BUYER warns that technology markets have a history of overheating. The buyer told CNBC, “a gap like we haven’t really seen since 1999, 2000” and of course we know how it ended.

Compared to the Dot-Com the balloon, the public businesses are no longer large income and real foundations, but it does not mean that public offering pops are sustainable.

“As if we had a ban on almost a few years,” the buyer said, referring to a period in which alcohol is banned in the US a century ago.

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