Figma Stock Triples on First Day of Trading Amid Strong Market Debut

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2025-07-31 22:54:02

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Figma's shares surged more than 200% on their first day of trading, opening at $33 and peaking above $102. The company's market capitalization now approaches $50 billion, dwarfing Adobe's failed $20 billion acquisition offer from 2022. Regulatory concerns scuttled that deal last year.

The design software firm raised $1.2 billion through its IPO, pricing shares above the revised estimate range. Figma's tools are used by tech giants including Amazon, Alphabet, and Netflix, underscoring its industry relevance. First-quarter earnings showed $44.9 million in net income, though full revenue figures weren't disclosed.

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