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Blade, Joby stock rally after deal of $125 million

Blade Air Mobility and Joby Aviation: *The Deal: Blade Air Mobility is selling its helicopter passenger rideshare business to Joby Aviation for $125 million. This deal is causing Blade's stock to surge up to 30% and Joby's stock to rise over 5%. *What's included in the deal: Joby Aviation is acquiring Blade's helicopter rideshare service, which offers transportation from various New York City landing spots to nearby areas like the Hamptons or airports such as Newark Liberty International. *What's not included: Blade's medical transport business will be spun out into a new public company called Strata Critical Medical, and Joby won't be taking that over. *Some stats about Blade: - *Passengers transported: Over 50,000 passengers in 2024 - *Terminals: 12 different terminals operating from Blade Air Mobility operates in two main segments²: - *Passenger: Offers helicopter and seaplane flights in the US and Europe - *Medical: Transports human organs for transplant...
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IPO Figma stock more than tripled on Debut at New york stock exchsnge

 Figma's shares skyrocketed 158% in their market debut on Thursday, valuing the design software company at around $50 billion. This impressive surge is a strong indicator of the IPO market's rebound after a nearly three-year lull. Here's what's notable¹:

- *IPO Pricing*: Figma's shares opened at $85 each on the New York Stock Exchange, significantly higher than the IPO price of $33.

- *Comparison to Adobe Deal*: Figma's current valuation far exceeds the $20 billion price tag from Adobe's abandoned buyout deal in 2022. UK regulators blocked the deal, citing concerns about stifling design software innovation.

- *Market Sentiment*: The successful IPO reflects investor confidence in high-growth tech companies, particularly those with strong AI strategies. Figma's focus on collaborative design software and AI-driven tools has attracted major clients like Netflix, Airbnb, and Duolingo.

- *Future Prospects*: Figma's IPO success may pave the way for other tech companies to follow suit, potentially leading to a surge in high-growth tech listings.


Figma's strong market debut demonstrates the company's potential for growth and innovation in the design software industry.

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