Tech IPOS Bullish, Figma, Circle which Crav after “years of ban”

A Haunting IPO this week has acquired an additional value, perhaps from the company name.

If stock exchanges of cryptocurrencies with the support of Peter Tille more than double By the gate on Wednesday, before finishing the day by 84%, it was the last sign that the technical IPO Bulls was doing again.

In July, software provider Fig more than three times on his New York Stock Exchange debutand on the moon earlier stock crypto firms Wheel They entered 168% on the first day on a large board.

Wall -Story waited for a long time.

Three years ago, steep inflation and effectively flying closed the market for public proposals. Technical reserves are thin and private capital dried, forcing startups that burn cash, turn off their attention from growth and to efficiency and profitability.

The Attachment Block seemed President Donald Trump In April, he punched markets with his plans for wide tariffs. The road shows were laid undefined content.

The tariff agenda of the president has since stabilized a little, and investors have been pouring into technology, pushing NASDAQ to record levels, which is more than 40% compared to this in April. Optimism is growing that a hefty lag of highly appreciated startups will continue to be cleaned like executives and venture capitalists Get confidence that the public markets will welcome their higher level companies.

On the eve of the debut of Figma, President NYSE Lin Martin detach “Squawk on the street” CNBC this huge demand for this supply can “open gateways” to the rest of the market. And earlier this week CEO Nasdaq Alene Friedman detach “Fast Money” that in the second half of this year there is a “very healthy list” of companies seeking IPO.

“I met with a lot of executives, prepared them for what they want in the state markets and where they are going,” Friedman said.

According to data CB Insights. StubHub is updated your avenueoffering the offer quickly.

“The IPO window is open,” said Rick Haisman, partner of Venture Firm FIRSTMARK, in an interview with CNBC “Closing Bell” this week. “You have seen in an area of extensive support for IPO, and so we advise the companies in which we invest to prepare and become public.”

Another big topic among VC and bankers is a normative environment.

Biden’s administration took heat from the startup -investors for crashing into large acquisitions, mainly related to Lina Khan, which perceived a heavy hand in the Federal Trade Commission, and not to ease the restrictions that, they say, make less attractive to companies to remain in private order.

Paul Atkins, the new head of SEC, said in July He wants to “make an IPO again great”, removing some obstacles around the complexity of disclosure and the risk of trial. He did not offer many specific recommendations.

Friedman told CNBC that the first conversation she had with Atkins after he took to work was easier and more attractive to companies.

“The conversation was constructive on many fronts, considering the requirements for disclosure, the proxy process, other things that really impede companies to be public and focus on public markets,” Friedman said. “He is as interested as we are, so I hope we will turn it into great actions.”

In addition to great profits that have not reached Bullish, Figma and Circle, public markets welcomed online banking provider on the Internet Sita C of A 37% profit Last month and trading application eo C of A 29% pop In May. The health market saw two IPO: Make health and Amada’s health.

But it was the sharp debut of Circle and Figma caused the chatter of the new bull market for IPO. Fig jumped on 250% a day IPO after Prices share the dollar ahead Updated range. The cost of the circle is more than twice after the Stablecoin issuer is also the cost above the expected range.

Such a price action returned the discussion ahead of the last IPO boom in 2020 and 2021 did the case This is the big features of the first day suggesting a deliberately inexpensive cost that harms companies and transmits simple money to new investors. Gurley stands for direct lists where companies list stocks at a price that effectively meets demand.

As the Figma hit the market, Gurley returned to it, referring to great benefits as “expected and completely intentional” result, benefiting customers of large investment banks

“They bought it for $ 33 last night and can sell it tonight for more than $ 90,” he wrote. In the following post, he said, “I would like to see how DLS replaces IPO makes sense to match the demand/demand. But Wall Street may be too dependent on the mass customer.”

Buyer Lise, founder of IPO Advisory Class Group, wrote On LinkedIn that the company makes you call where it cemets for the action, and that there is a lot of reflections in this process. In addition, the IPO company sells only a small percentage of excellent stocks – in the case of FIGMA about 7% – so if they give results, “there will probably be many future opportunities to sell more stock at higher prices.”

This is already happening.

Circle said this week what is it bid Another 10 million shares in the secondary proposal. And on Friday Leslie picker CNBC reported that bankers for BuissWhich is 150% since its March IPO has organized some block trades this week.

But the buyer warns that technological markets have a history of overheating. Although there is always a difference between the fact that the institutions are ready to pay in IPO and the fact that investors will pay for retail, this is currently “a gap, as we haven’t seen since 1999, 2000,” the CNBC buyer said, “and of course we know how it is over.”

Compared to the Bubble Dot-Com, the companies that will now be public have significant profits and actual bases, but that does not mean that IPO POPS is sustainable, she said.

“It’s almost like we had a few years of ban,” the buyer said, citing a century ago, when alcohol was banned in the US, “people in some cases drink to surplus in the IPO market.”

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