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.

Design startup Figma listed its shares on the New York Stock Exchange in a year when IPOs from buzzy tech firms have come roaring back.

Today marked Figma’s (FIG) debut as an IPO (Initial Public Offering) on the New York Stock Exchange. It proved to be a monumental first day, as stock in the design company skyrocketed to 300 percent by the time markets closed.