Financial experts are expressing growing concern over the trend of decreasing free float—the percentage of a company's shares that are publicly traded—in recent initial public offerings, citing the software company Figma as a prime example. A report from October 17, 2025, highlights that Figma was listed with a free float of just 7 percent, which was followed by a 333 percent surge in its stock price the day after its debut. This trend, where a small proportion of shares are available for public trading, can lead to increased demand and significant initial price increases. However, it also brings risks, including potential for sharp stock price declines and difficulties for investors in buying or selling shares without affecting the price. The discussion points to a broader market dynamic where companies may be structuring IPOs to ensure strong initial demand, which can contribute to stock volatility.