Figma secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped acquisition by Adobe in 2023.

The market for edge AI devices is growing fast, and Ambiq’s IPO will help it fund more products to meet demand there, executives say.

For those venture-backed companies that have made their public-market debuts this year, the reception has been exceptionally positive overall, with the nine largest offerings all up from where they priced their IPOs.