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Figma IPO’s Tumultuous Debut Reflects Renewed Appetite For High-Growth Technology

by THEFUTURE.TEAM
August 5, 2025

Overview

Figma, the innovative design software company, experienced a dramatic shift on its first week of public trading. After an explosive debut on the New York Stock Exchange that saw shares more than triple on the first day, Figma’s stock experienced a significant 27% decline, shedding gains in a volatile session.

Market Surge And Subsequent Slide

The company’s shares, which closed at $122 on Friday, dropped to $88.60 by the end of Monday’s trading session—a decline of $33.40 per share. This retracement follows the issuance of approximately 37 million shares at $33 each barely days earlier, which collectively generated around $412 million in proceeds for Figma. Despite the recent slide, the initial market enthusiasm underscores a renewed interest among investors in high-growth technology stocks.

IPO Momentum And Financial Outlook

Figma’s detailed IPO prospectus projects a robust second-quarter revenue increase of roughly 40% from the previous year. Uniquely positioned in its sector, Figma has consistently achieved profitability—a stark contrast to many technology firms that have gone public in recent years. The company currently boasts a fully diluted valuation of approximately $56 billion, a figure that nearly triples Adobe’s proposed acquisition offer from 2022, a deal that was ultimately aborted due to regulatory resistance in Europe and the U.K.

Leadership And Long-Term Value

Dylan Field, the 33-year-old CEO of Figma, remains a key figure in this unfolding narrative. Field’s personal stake in the company continues to be substantial, with his holdings valued at over $5 billion even after the recent stock downturn. His leadership is widely recognized as critical in guiding Figma through the complexities of a rapidly evolving market landscape.

Conclusion

The volatile early trading days serve as a reminder of the risks and rewards inherent in high-growth technology investments. As Wall Street continues to navigate an environment punctuated by rapid shifts and dynamic market sentiment, Figma’s journey will be closely monitored as a barometer for future IPO performance in the tech sector.

EU E-Commerce VAT Systems Generate €257.9 Million Revenue for Cyprus in 2024

by THEFUTURE.TEAM
August 11, 2025

Robust Revenue Growth Through Streamlined VAT Collection

Cyprus has demonstrated a significant fiscal boost in 2024 with €257.9 million generated from the European Union’s e-commerce VAT systems, according to Tax Commissioner Sotiris Markides. This impressive performance underscores the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) frameworks in simplifying cross-border tax compliance.

Simplified Procedures for EU and Non-EU Businesses

The OSS system allows Cyprus-registered businesses to streamline VAT declaration and payment on sales to consumers in other EU countries. Companies simply register on the local OSS platform, apply the consumer’s VAT rate, aggregate their submissions quarterly or monthly, and remit a single consolidated payment. Subsequently, Cyprus allocates the appropriate share to each respective EU country. This efficient process extends to non-EU sellers as well, who can have their intra-EU distance sales managed under the Union Scheme.

Breakdown of VAT Revenue Streams

Last year’s declarations under the various schemes illustrate the system’s broad reach: €217.9 million was collected via the Union Scheme, €36.9 million through the Non-Union Scheme, and €3.1 million via the Import Scheme. While the Union Scheme caters to both EU and non-EU sellers engaging in distance sales, the Non-Union Scheme specifically accommodates non-EU firms delivering services to EU consumers. Furthermore, the Import Scheme targets goods valued at less than €150 that are imported from outside the EU.

Implications and Broader Impact

Implemented in July 2021 as an evolution from the more limited MOSS system, these reforms have not only consolidated tax collection through an expansive OSS but also integrated the IOSS for low-value imports. By designating certain online marketplaces as “deemed suppliers,” the new framework ensures that VAT collection is both efficient and equitable. Across the EU, these mechanisms have generated over €33 billion in VAT revenues in 2024, reflecting a successful effort to simplify tax compliance, reduce administrative burdens, and promote fair taxation across the bloc.

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