Core Insights - Figma began trading on the New York Stock Exchange with significant market activity, leading to a temporary halt in trading due to volatility [1] - The stock price fluctuated between $101 and $112, resulting in a mid-day market capitalization of $45 billion [1] - The IPO price was set at $33 per share, indicating a substantial increase in value post-IPO [1] Demand and Market Reaction - There has been high demand for Figma's stock, with investors sharing humorous experiences of receiving fewer shares than requested from trading platforms [2] - The successful IPO has overshadowed Figma's previous failed acquisition attempt by Adobe, valued at $20 billion, marking a significant turning point in the company's history [2]

Core Points - Empro Group Inc. has successfully closed the sale of an additional 115,000 ordinary shares at the IPO price of $4.00 per share, raising gross proceeds of $460,000, in addition to the previously announced IPO gross proceeds of approximately $5,500,000 [1] - The Offering was conducted on a firm commitment basis with R.F. Lafferty & Co., Inc. acting as the sole underwriter [2] - A registration statement related to the Offering was filed with the U.S. Securities and Exchange Commission and declared effective on July 1, 2025 [3] Company Overview - Empro Group Inc. is a rising beauty and personal care brand based in Malaysia, evolving from its origins in eyebrow embroidery to a trusted name in cosmetics, skincare, and healthcare [5] - The company has a growing presence across Southeast Asia and Europe, focusing on providing accessible, quality self-care solutions [5]

Core Insights - Figma is set to begin trading on the New York Stock Exchange, marking one of the most anticipated IPOs of 2025 with shares priced at $33 each, above the previously announced range [1][2] - The IPO is significantly oversubscribed, with demand for shares being 40 times the number of shares available for sale, indicating strong investor interest [1] - The final offering raised $1.2 billion, primarily benefiting existing shareholders who are selling approximately twice as many shares as the company itself [2] - The IPO values Figma at $19.3 billion, close to the $20 billion valuation that Adobe would have paid before its acquisition attempt fell through in 2023 due to regulatory pressures [3] Summary by Sections IPO Details - Figma's shares are priced at $33, which is higher than the initial expected range of $30 to $32, and up from a previous range of $25 to $28 [2] - The offering raised a total of $1.2 billion, with a significant portion going to existing shareholders [2] Market Valuation - The IPO price establishes Figma's market valuation at $19.3 billion, which is near the valuation Adobe aimed for in its failed acquisition attempt [3] Demand and Oversubscription - The IPO is reported to be 40 times oversubscribed, reflecting a high level of demand for Figma's shares [1]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders following a class action complaint related to the company's IPO and subsequent disclosures [2][5]. Group 1: Company Background and IPO Details - Maison Solutions filed a registration statement on Form S-1 on May 22, 2023, which was declared effective on September 29, 2023, after several amendments [3]. - The company conducted its IPO between October 5, 2023, and October 10, 2023, issuing 2,500,000 common shares at an offering price of $4.00 per share, resulting in approximately $10 million in proceeds before expenses [4]. Group 2: Legal Investigation and Allegations - A class action complaint was filed against Maison Solutions on January 2, 2024, concerning the period from October 5, 2023, to December 15, 2023, focusing on potential breaches of fiduciary duties by the board of directors [2]. - The complaint alleges that the Offering Documents were negligently prepared, containing untrue statements or omitting necessary facts, including issues with auditors and underwriters, undisclosed related party transactions, and past legal issues of a key executive [5].

Company Overview - Figma priced its IPO at $33 per share, above the expected range, raising $1.2 billion, primarily benefiting existing stockholders [1][3] - The IPO values Figma at $19.3 billion, following a failed acquisition by Adobe for $20 billion in 2023 [3] Financial Performance - For the quarter ended June, Figma's revenue increased to between $247 million and $250 million, a 40% growth compared to $177.2 million a year earlier [4] - The expected operating profit for the quarter ranges from a loss of up to $500,000 to a profit of $2.5 million, contrasting with a loss of $894.3 million the previous year [4] - In the March quarter, revenue rose 46% to $228.2 million, and net income tripled to $44.9 million [5] Market Context - Figma is entering a public market that has seen a gradual reopening for tech IPOs, with other companies like Circle and CoreWeave performing well since their debuts [2] - Major investors, including Index Ventures and Greylock, are selling portions of their stakes in the IPO [5][6]

Core Viewpoint - Firefly Aerospace has initiated a roadshow for its proposed initial public offering (IPO) of 16,200,000 shares, with an expected price range of $35.00 to $39.00 per share [2][3]. Group 1: IPO Details - The company plans to grant underwriters a 30-day option to purchase an additional 2,430,000 shares at the IPO price, less underwriting discounts and commissions [2]. - Firefly intends to use the net proceeds from the offering to repay outstanding borrowings, pay accrued dividends on preferred stock, and for general corporate purposes [3]. - The common stock will be listed on the Nasdaq Global Market under the ticker symbol "FLY" [3]. Group 2: Underwriters - Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are the lead bookrunning managers for the offering [3]. - Morgan Stanley, Deutsche Bank Securities, and Cantor are acting as joint bookrunners, while Roth Capital Partners and Academy Securities will serve as co-managers [3]. Group 3: Company Overview - Firefly Aerospace is a space and defense technology company that supports government and commercial customers in launching, landing, and operating in space [6][7]. - The company is noted for its rapid response capabilities, being the only commercial entity to launch a satellite to orbit with approximately 24-hour notice and to achieve a fully successful landing on the Moon [7]. - Established in 2017, Firefly's facilities in central Texas focus on engineering, manufacturing, and testing to drive rapid innovation [7].

Core Viewpoint - Masonglory Limited successfully completed the sale of an additional 225,000 ordinary shares at the IPO price of $4.00 per share, raising gross proceeds of $900,000, in addition to the previously announced IPO gross proceeds of $6,000,000 [1] Company Overview - Masonglory Limited, founded in 2018 in Hong Kong, is a subcontractor specializing in wet trades and ancillary services for property developers and the Hong Kong government [5] - The company is a registered specialist trade contractor (plastering-group 2) since 2020, offering comprehensive wet trades solutions including plastering, tile laying, brick laying, floor screeding, and marble works [5] Offering Details - The Offering was conducted on a firm commitment basis with D. Boral Capital LLC acting as the sole underwriter [2] - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 30, 2025 [3] - The final prospectus related to the Offering can be obtained from D. Boral Capital LLC or via the SEC's website [3]

Core Viewpoint - Masonglory Limited successfully completed the sale of an additional 225,000 ordinary shares at the IPO price of $4.00 per share, raising gross proceeds of $900,000, in addition to the previously announced IPO gross proceeds of $6,000,000 [1] Company Overview - Masonglory Limited, founded in 2018 in Hong Kong, is a subcontractor specializing in wet trades and ancillary services for property developers and the Hong Kong government [5] - The company is a registered specialist trade contractor (plastering-group 2) since 2020, offering comprehensive wet trades solutions including plastering, tile laying, brick laying, floor screeding, and marble works [5] Offering Details - The Offering was conducted on a firm commitment basis with D. Boral Capital LLC acting as the sole underwriter [2] - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 30, 2025 [3]

Core Viewpoint - Dreamland Limited successfully closed its initial public offering, raising a total of US$5,360,000 through the sale of 2,000,000 Class A ordinary shares at a price of US$4.00 per share, with shares beginning to trade on the Nasdaq Capital Market under the ticker symbol "TDIC" [1][2]. Group 1: Offering Details - The Offering consisted of 2,000,000 Class A ordinary shares, with 1,340,000 shares offered by the Company and 660,000 shares by an existing shareholder [1]. - The Company did not receive proceeds from the shares sold by the Selling Shareholder or the Resale Shareholders [1]. - The Offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the sole managing underwriter [3]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated for acquiring multi-territorial IP licenses, establishing a ticketing platform, potential strategic acquisitions, and expanding the marketing and finance departments [2]. - Additional uses include upgrading the enterprise resource planning system, repaying loans made by a director related to the Offering, and general working capital [2]. Group 3: Company Overview - Dreamland Limited is an event management service provider based in Hong Kong, specializing in organizing and managing themed events for intellectual property owners of animated and live-action characters [6]. - The Company's mission is to effectively connect clients with their target audiences both locally and in international markets [6].

Core Insights - IPO activity has fluctuated post-pandemic but has shown positive momentum recently, indicating renewed investor confidence and a shift in risk appetite [1][7] - Notable IPOs in 2025 include CoreWeave (CRWV) and Circle Internet Group (CRCL), both of which have seen significant price increases since their debuts [1][11] CoreWeave (CRWV) - CoreWeave has gained attention due to its backing by NVIDIA, which holds a $900 million stake, making it one of NVIDIA's largest investments [4] - The company reported a remarkable 420% year-over-year increase in sales, with a revenue backlog of $25.9 billion, indicating strong demand for its AI offerings [5] - Since its debut, CRWV shares have increased by 220%, rewarding shareholders significantly [5] Circle Internet Group (CRCL) - Circle is a financial technology firm that issues USDC, the second-largest dollar-pegged stablecoin, facilitating digital currency transactions globally [9] - Shares of CRCL have surged by 135% since their debut on June 5, with notable support from investors like Cathie Wood's ARK, which purchased approximately 4.5 million shares on the first trading day [9] - The company is positioned well within the evolving stablecoin regulatory landscape, which is gaining traction as digital currencies become more mainstream [10]