Figma Inc.’s hot initial public offering this week could set the stage for other multibillion-dollar IPOs in coming months, one Wall Street analyst said Monday. Figma’s IPO is expected to price late Wednesday and trade on Thursday,

Figma has raised the price target of its upcoming initial public offering, according to a report in Reuters. On Monday, the San Francisco-based design software firm upped the proposed price range for the hotly anticipated IPO and is now aiming for an $18.

Figma (FIG), a design software company that provides a wide range of artificial intelligence tools for creating and sharing designs for websites, apps and other digital products, has boosted the proposed range for its initial public offering.