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.

Design-software company Figma Inc. priced its initial public offering at $33 a share late Wednesday, raising more than $1.2 billion.

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.