Experts say the lack of high-quality tech IPOs has prepared the market to boost new listings beyond what they're realistically worth.

Investors cash in as design firm goes public after takeover dreams dashed updated Adobe competitor and one-time acquisition target Figma debuted on public markets on Thursday with 36,937,080 shares of Class A common stock at $33 apiece,

Graphic design software maker Figma Inc. priced its initial public offering at $33 per share today, a buck above the expected range, raising more than $1.2 billion. The San Francisco-based company and several existing investors sold 36.