#IPOWave The sensational IPO of Figma last week revived long-standing debates about IPO pricing and the appearance of shares on the first day of trading — not surprising given the 333% rise of newly listed shares in the initial trading days. As investors analyze the offering (and as Figma's shares somewhat recover after falling 27% on Monday), other key questions have arisen: does Figma's debut encourage other startups to join this battle, putting an end to the drought of IPOs in the tech sector?

There is a long list of late-stage tech companies with strong customer bases that Wall Street investment bankers would be eager to take public. Many of these multibillion-dollar companies, including Databricks, Klarna, Stripe, and SpaceX, have been the subject of IPO speculation for years. And then, of course, there is a whole range of highly valued AI startups, from OpenAI and Anthropic to Elon Musk's xAI.

These companies are likely to remain in the spotlight, but in the conversations I've had with several investors after Figma's debut, other names were mentioned as having a higher likelihood of going public sooner, including Canva, Revolut, Midjourney, Motive, and Anduril.