Blackstone-Backed Casino Operator Cirsa Announces IPO in Spain
The offering will include a sale of new shares targeting raising €400 million ($460 million), as well as a secondary sale of about €60 million of shares, according to a statement on Wednesday.
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Yahoo
19 minutes ago
- Yahoo
ETF Issuers Line Up to Capitalize on Figma's Red Hot IPO
The stock price of tech start-up Figma Inc. (FIG) more than tripled during its debut on the New York Stock Exchange—and exchange-traded fund (ETF) issuers want in on the action. Themes ETF Trust is seeking approval from the Securities and Exchange Commission (SEC) to launch the Leverage Shares 2X Long FIG Daily ETF, according to a filing Thursday. ProShares and REX Shares are also looking to introduce leveraged ETFs linked to Figma, which had its initial public offering (IPO) Thursday. Leveraged Figma ETFs The Leverage Shares 2X Long FIG Daily ETF seeks to magnify the daily performance of Figma's stock by 200%, according to the filing, which didn't disclose management fees. The ProShares Ultra FIG—with no ticker or expense ratio included in the preliminary prospectus—also seeks daily investment results that correspond to two times FIG's daily performance. Eric Balchunas, senior ETF analyst at Bloomberg, also shared on X that Rex Shares filed for a similar fund: the T-Rex 2x Long FIG Daily Target ETF. What Is Figma? Figma is a San Francisco-based company that provides a design platform. The start-up had previously struck a deal to be bought for $20 billion by the software company Adobe Inc. (ADBE), but that plan was abandoned due to antitrust concerns from regulators in the U.S. and Europe. The Appeal of IPO-Linked ETFs It's no surprise that these issues are looking to capitalize on Figma's IPO: The stock debuted at $33 per share and closed its first day on the market at $115.50 per share, marking the biggest pop for a $500 million-plus IPO, and the first time a deal that size has ever tripled on day one, Matt Kennedy, senior strategist at Renaissance Capital told Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'I think the appeal is that recent tech IPOs tend to be very volatile, which means the stock has the potential for a 5% or even 10% gain in one day, and so a 2x leveraged daily ETF allows traders to really ride those quick run-ups,' Kennedy said. 'It's a way of making your bet go further, if you're actively trading the stock during the day. In June, several fund providers, including REX Shares, sought to launch ETFs linked to the IPO of peer-to-peer payments company Circle. At the time, Daniel Sotiroff, senior manager research analyst for Morningstar Research, said that leveraged ETFs tend to succumb to volatility drag and perform poorly over the long | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21 minutes ago
- Associated Press
D. Boral ARC Acquisition I Corp. Announces Closing of $250,000,000 Initial Public Offering
NEW YORK CITY, NEW YORK / ACCESS Newswire / August 1, 2025 / D. Boral ARC Acquisition I Corp. (the 'Company') today announced the closing of its initial public offering of 25,000,000 units at a price of $10.00 per unit for total gross proceeds of $250,000,000. The units began trading on The Nasdaq Global Market under the ticker symbol 'BCARU' on July 31, 2025. Each unit consists of one of the Company's Class A ordinary shares and one-half of one redeemable public warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be traded on The Nasdaq Global Market under the symbols 'BCAR' and 'BCARW,' respectively. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any, which, if exercised in full, would bring the total gross proceeds of the offering to $287,500,000. The Company intends to use the net proceeds from the offering and the simultaneous private placement of units to pursue and consummate a business combination with one or more businesses. D. Boral Capital LLC acted as sole book-running manager for the offering. Loeb & Loeb LLP acted as legal counsel to the Company and Paul Hastings LLP acted as legal counsel to D. Boral Capital LLC. The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from D. Boral Capital LLC: Attn: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at [email protected], or by telephone at (212) 970-5150, or from the U.S. Securities and Exchange Commission's (the 'SEC') website at A registration statement on Form S-1 relating to these securities was declared effective by the SEC on July 30, 2025. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About D. Boral ARC Acquisition I Corp. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to identify and acquire a business where the Company believes its management teams' and affiliates' expertise will provide a competitive advantage, including the technology, healthcare, and logistics industries. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the underwriters' exercise of the over-allotment option, the anticipated use of the net proceeds from the IPO and the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated or that the Company will ultimately complete a business combination transaction in the sectors it is targeting or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact John Darwin, Chief Financial Officer Email: [email protected] SOURCE: D. Boral Capital press release
Yahoo
23 minutes ago
- Yahoo
Figma's 33-year-old cofounder is a former LinkedIn intern who launched the $68 billion Wall Street darling with $100k from Peter Thiel
Dylan Field cofounded Figma in 2012 with a Brown University teaching assistant. Since then, Field has led the company to meteoric success and a historic IPO. Fifteen years ago, Dylan Field was a freshman computer science student at Brown University. On Thursday, the company he started in college and now runs, Figma, made its blockbuster debut on the New York Stock Exchange, marking the largest U.S. venture-capital-backed tech IPO in four years. Figma's stock surged 250% on its debut, making it the largest first-day pop for a billion-dollar tech IPO and cementing its status as a bellwether for a resurgent tech IPO market. Demand was so intense that many hopeful investors received only a handful of shares, while trading was temporarily halted due to volatility. Closing at $115.50, the IPO instantly catapulted Figma's valuation to nearly $68 billion—more than triple Adobe's failed $20 billion acquisition offer for the company just two years ago. The multibillion-dollar company, however, began with an idea thought up by Field and cofounder Evan Wallace, who was a Brown teaching assistant at the time. The duo explored the potential of new browser technologies and began brainstorming ways to democratize creative design through software. But it wasn't until 2012, when Field was awarded the prestigious Thiel Fellowship, a $100,000 grant for young entrepreneurs willing to leave college that he and Wallace dove headfirst into what became Figma, the popular web-based design tool used for user interface and user experience design. Field, now 33, was always a high achiever, especially with technology. At age three, he taught himself to use his family computer, and his interest in robotics began early in childhood. In the early 1990s, Field also worked as a child actor, starring in several commercials, including one for Windows XP. But ultimately his academic successes landed him at the Rhode Island Ivy League school and several competitive tech internships. The Penngrove, Calif., native held several part-time gigs while studying at Brown, including a nine-month stint as a research assistant at Microsoft, a four-month data analytics internship at LinkedIn, and two internships at aggregation software company Flipboard—first as a software engineering intern and then a product design intern. His second Flipboard stint was part of the Kleiner Perkins Fellows Program, a highly competitive program that places selected students with companies in the Kleiner Perkins portfolio. It was through his LinkedIn and Flipboard jobs that Field secured seed investments for his entrepreneurial ventures and eventually propelled himself to billionaire status by 33 years-old. Both his LinkedIn manager Peter Skomoroch and Danny Rimer, a general partner at Index Ventures who recognized Field's potential during a Flipboard board presentation, helped the young founder finance his start. 'Here was this 19-year-old, who had a lot of clarity about what he wanted to do—democratize the world of design, and provide tools to everyone,' Rimer told Fortune in 2023. 'He had this ambition of dropping out of university to go after this crazy idea, where it's clear that he's not going to be able to come up with a product for over two years. In the world of move-fast-break-things, here were two folks [Field and Wallace] who were saying, 'We're not going to have anything for two years, so we hope you're comfortable with that.'' Other early Figma investors included Phoenix Court and Greylock Partners. Index Ventures ultimately led Figma's 2013 seed round with a $1.7 million investment. And in the following 12 years, the fund reportedly invested $86.5 million in the company. Much like Rimer predicted, it took Field and Wallace until September 2016 to launch the product publicly, after years of meticulous planning to create the so-called Google Docs for graphic designers. By 2018, the company was valued at $115 million, a figure that skyrocketed during the pandemic. In June 2021, Figma's valuation was $10 billion. That same year, Wallace left the company. In September 2022, Adobe announced plans to acquire Figma for $20 billion, a deal which would have made Field—then just 30 years old—a billionaire several times over. But regulatory roadblocks killed the deal in 2023, and as part of the cancellation, Adobe paid Figma a $1 billion breakup fee. Figma and Field soldiered on, despite the failed acquisition. The company's 2024 revenue reached $749 million, up 48% from 2023. And in the first quarter of 2025, revenue grew 46% year over year. Figma, as of early 2025, has 13 million monthly active users, and 95% of Fortune 500 companies use the software. Now, as Figma closes its first, astonishing chapter as a public company, Field shows no sign of slowing down. 'We know this is just the start,' Field wrote in a statement after ringing the opening bell. 'This is a vision that will play out over many decades and I believe Figma's most innovative days are ahead.' Figma declined a Fortune request for comment. This story was originally featured on
