Here's why KKM's Jeff Kilburg is 'excited' about the Stripe IPO

IPO Market Performance - Figma's IPO saw a 250% gain on its first day, marking the largest first-day increase for a billion-dollar IPO [1] - Circle's IPO previously held the record with a 168% gain on its first day of trading [2] - Some IPOs have nearly doubled from their initial price this year, with one stock up by 403%, another by 158%, and a third by 78% [2] - The IPO market is thawing after being seized up for a couple of years, indicating a return of risk appetite among investors [4] Figma IPO Analysis - The Figma IPO was oversubscribed by 40 times, demonstrating significant investor interest [4] - Adobe attempted to acquire Figma for $20 billion in 2022 [4] - An expert suggests waiting for options to become available on Figma to gain a better view from the "smart money" and considering buying closer to $50 than $96 [7] Future IPO Prospects - There's anticipation of companies rushing to market to capitalize on the current IPO frenzy [8] - Stripe, a payments giant valued close to $100 billion in its last round, is considered an interesting potential IPO [9] - Clara is seen as a more imminent IPO prospect compared to Stripe, which might delay until 2025 or 2026 for tax reasons [10]