With shares reportedly expected to list this week on the NYSE, the software startup just upped its target share price range. Here's what to know.

According to Renaissance Capital, there have been 119 IPOs priced this year through July 28, a 45% increase from the year prior.Total proceeds from this year's filings are down 21% year over year to $18.

Figma may lead the way for other software companies including Genesys, Canva and Databricks to conduct multibillion-dollar deals, one analyst said.