How is the IPO, Figma Inc., expected to do on the market tomorrow?

**Figma Inc.'s IPO is expected to have a positive debut on the market tomorrow.** Here's a detailed analysis: 1. **Strong First-Day Performance**: Figma Inc. experienced a significant surge in its stock price on the first day of its IPO, with a 200% increase in its share price. This is the largest first-day gain for an IPO with proceeds of $500 million or more. Such a performance sets a strong precedent for a positive market reception. 2. **Market Sentiment**: The IPO of Figma Inc. has been described as a "bellwether event for the tech sector". This suggests that the market sees Figma as a key indicator of investor sentiment towards the technology sector. A strong IPO like Figma's can boost confidence in the broader tech market. 3. **Sector Recognition**: Figma's near-monopolistic position in the product design market and its achievement of a "generational software-as-a-service company" status are likely to resonate well with investors. The company's high-profile and long-awaited IPO may attract a lot of attention and investment. 4. **Financial Outlook**: Figma's IPO priced at $33 per share with an initial valuation of $4.5 billion, which is a substantial upside from the $2.86 billion valuation from its Series C funding round in 2021. This indicates strong investor confidence in the company's future growth prospects. 5. **Comparative Analysis**: When compared to other large-scale IPOs, Figma's performance stands out. For instance, the largest first-day gain from a $500 million-plus IPO before Figma was the 168% rise by Circle Internet, which is significantly less than Figma's 200% gain. In conclusion, Figma Inc.'s IPO is anticipated to continue its impressive performance on the market tomorrow, given the company's strong market reception, sector leadership, and robust financial outlook.