#269: Figma: The Market's Most Exciting IPO in Years

#269: Figma: The Market's Most Exciting IPO in Years

Stock Club · 2025-07-10
54:32

The IPO market has been a barren wasteland since the carefree days of 2020. But this week, we bring you an IPO that might actually be worth a look.

Figma has released its hotly anticipated S-1, revealing a business firing on all cylinders—with double-digit revenue growth, a 132% net dollar retention rate, and, most notably, profitability. The company now hopes to extend its land-and-expand sales model beyond the UI/UX space, though that will introduce new competition. It’s also betting big on AI, while trying to not alienate the designers who have championed the brand, a delicate balancing act that a strong management team may just pull off.

Later, Emmet explores the impact of Trump’s ‘Big Beautiful Bill’ on Airbnb hosts. Thanks to new tax write-offs, becoming a short-term landlord just got a whole lot easier—and cheaper.

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00:00 Introduction to the Most Appealing IPO

08:13 Figma's IPO and Market Position

18:51 Figma's Financials and Market Potential

25:54 Exploring the Competitive Landscape of Figma

36:52 The Impact of Trump's Big Beautiful Bill on Airbnb

Stock Club

Welcome to the Stock Club podcast, where we bring you weekly episodes on the most significant changes in the world of investing. Delve into the inner workings of investing, stock news and strategies, all geared towards helping you become a better investor. Join the MyWallSt team, as they sit down to share the latest investing stories. If you want to stay ahead in the game, this podcast is for you.

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