Company Overview - Figma Inc. launched its initial public offering (IPO) on July 31, 2023, becoming one of the most anticipated tech IPOs in years due to its collaborative platform used by major companies like Google and Airbnb [1] - The company was previously targeted for a $20 billion buyout by Adobe in 2022, further increasing its visibility and market interest [1] IPO Performance - Figma's shares tripled on the first day of trading, achieving a market valuation of over $55 billion [2] - The IPO was significantly oversubscribed, leading to high demand and limited retail allocation, resulting in many investors receiving only a small number of shares [6] Retail Trading Dynamics - The introduction of Robinhood's IPO Access program in 2021 allowed retail investors to purchase IPO shares before they began trading publicly, changing the landscape for individual investors [3][4] - Figma's IPO saw a random allocation process by Robinhood, which meant that many investors, including those who requested large quantities of shares, received minimal allocations [5][6] Future Trading Opportunities - Options trading for Figma is expected to commence soon, following new SEC rules that allow options to be listed as soon as two days after an IPO if certain conditions are met [8] - The market is being monitored for proper trading setups, indicating that opportunities for pattern traders may arise in the near future [8][9]