Fri. 08/01 – Tech IPO’s Are Back On The Menu, Boys…

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Technology, Daily News, Tech News

4.7 • 984 Ratings

🗓️ 1 August 2025

⏱️ 20 minutes

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Summary

Well, it looks like Tech IPO’s might be back on the menu because Figma’s first day pop was like the good old days. Anthropic seems to be getting traction, OpenAI raises again. Earnings from Apple and Amazon, and of course, the Weekend Longreads Suggestions. Chapters: 00:33 Figma IPO 04:57 Anthropic And Open AI Numbers 08:45 New Deep Think Model 11:08 Tech Earnings Omnibus 14:35 Longreads Links: Figma more than triples in NYSE debut after selling shares at $33 (CNBC) Anthropic Revenue Pace Nears $5 Billion in Run-Up to Mega Round (The Information) Exclusive: OpenAI Secures Another Giant Funding Deal (NYTimes) Google rolls out Gemini Deep Think AI, a reasoning model that tests multiple ideas in parallel (TechCrunch) Reddit wants to be a search engine now (The Verge) Weekend Longreads Suggestions: The first commercial space station is nearly here. And it could change space forever (BBC Science Focus) A Deadly Fungus Killed 10 Scientists Working in a Tomb. It Could Be a Breakthrough in Curing Cancer. (Popular Mechanics) What happens once we spot the asteroid that will hit Earth? (FT)

Transcript

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0:00.0	Welcome to the TechBrew Ride Home for Friday, August 1st, 2025. I'm Brian McCullough today. Well, it looks like tech IPOs might be back on the menu because Figma's first day pop was like the good old days.
0:17.1	Anthropic seems to be gaining traction, opening eye raises again, earnings from Apple and Amazon,
0:23.0	and of course, the weekend long read suggestions.
0:25.4	Here's what you miss today in the world of tech.
0:33.2	This is getting people's attention.
0:36.1	Figma had its IPO yesterday, and Figma's stock closed up
0:39.5	250% at $115.50 a share after Figma sold shares at $33 at its IPO open, hitting a $68 billion
0:51.0	valuation. For one thing, you might remember that Adobe's Figma acquisition fell apart in
0:56.4	2003, and that only valued Figma at $20 billion at the time, so Lena Kahn did them a solid there.
1:03.6	But also, IPO's tripling on the first day of trading. That's dot-com bubble stuff. If you check my
1:08.8	socials, I really ratcheted up my IPO meter, because,
1:13.3	I mean, this is a SaaS play, a notional AI play. This really signals that the public markets
1:19.0	might be hungry for new issues. Let's see if other companies take the lead from this.
1:23.9	Quoting CNBC, the big opening pop is the latest indication that the tech IPO market has reopened
1:29.5	following a multi-year lull that began in early 2022 when inflation was soaring and interest
1:34.5	rates were on the rise.
1:36.3	So far this year, online bank chime, stablecoin issuer circle and artificial intelligence
1:41.6	infrastructure provider core weave have hit the market along with
1:45.4	health tech companies hinge health and omata health. Figma's first trade at $85 valued the company
1:51.7	at about $50 billion. The stock trading under the ticker symbol FIG was halted after it
1:57.9	stored past $112 before closing at $115.50 for a 250% gain.
2:04.1	The company ended the day with a market cap of almost $68 billion.
	...

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