Figma shares more than triples in the surge in its public debut
Figma, a design software company led by CEO and co-founder Dylanfield, showed more than tripled its stock price with a stunning debut on the New York Stock Exchange on Thursday.
Stocks in Figma were trading $107 in stock within minutes of trading under the ticker. The company and its initial shareholders raised $1.2 billion in IPO on Wednesday, with the shares priced at $33. The shares began trading at $85 per share on Thursday, and took off like a rocket from there.
Surge gives Figma a market capitalization of around $46 billion, overturning the $20 billion price Adobe It was due to regulatory pushbacks that it was planned to acquire before the merger was abandoned in 2023.
It’s a tough opening pop and encourages Figma and the whole market. The venture-backed IPO market has been muted in recent years and was in the midst of a slow and decisive recovery until 2025. Recently, companies like Circle, Chime, Hinge Health, and CoreWeave have all been published to varying degrees of success.