KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
Figma is set to launch one of 2025’s most anticipated tech IPOs, targeting over $1 billion in funding at a valuation of $18.8 billion. The design software giant is going public using an auction-style IPO, where investors submit limit bids to determine the final price, aiming for a fairer market-driven valuation.
Why Figma’s IPO Stands Out
Auction-Style IPO: Unlike traditional IPOs, this Dutch auction model reduces underpricing and offers more transparency by letting investor demand set the price.
AI Narrative: Figma’s prospectus mentioned AI 150 times, highlighting its focus on AI-driven design and collaboration tools—one of the hottest areas for software innovation.
Strong Financials:
Q1 2025 revenue up 46% YoY to $228.2M.
Net profit surged from $13.5M to $44.9M.
13M monthly active users; 450,000 enterprise clients, including Netflix, Stripe, and Duolingo.
Why It Matters for AI Stocks
Figma’s IPO could lift sentiment for AI-driven software companies, similar to how Circle’s listing boosted fintech and crypto-related names earlier this year. With Adobe’s $20B acquisition bid blocked in 2022, the IPO is seen as a second chance for investors to bet on Figma’s growth story.
Key Stocks to Watch
AI + Design: Figma (FIG), Adobe (ADBE)
AI + Enterprise Software: Salesforce (CRM), Monday.com (MNDY), Atlassian (TEAM), UiPath (PATH)
AI + Big Data: Snowflake (SNOW), MongoDB (MDB)
AI + Security: CrowdStrike (CRWD), Palo Alto Networks (PANW)
AI + Creative & Marketing: Meta (META), Alphabet (GOOGL), The Trade Desk (TTD)
The Big Question: Can It Sustain Momentum?
While Figma’s growth is strong, its AI investments will pressure margins in the short term. Analysts note the IPO’s success could signal a broader rally in AI application stocks, especially if it trades well out of the gate.
If Figma performs, it may mark a turning point for 2025 tech IPOs, reigniting enthusiasm for AI-driven software platforms and signaling investor appetite for innovation beyond the hardware layer.
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