Figma Shares Soar in Market Debut, Outpacing Adobe’s Failed $20 Billion Takeover Bid

Figma's stock market debut delivered a seismic valuation shock, with shares more than tripling from their $33 IPO price to surpass $102. The design software company now commands a near-$50 billion market cap—more than double Adobe's scuttled $20 billion acquisition offer from 2022.

The explosive first-day performance validates Figma's decision to remain independent after regulatory blocks derailed the Adobe deal. Investors are betting heavily on the company's collaborative interface tools, which count tech titans like Amazon, Alphabet, and Netflix as clients.

Figma raised $1.2 billion by selling 37 million shares, pricing above its upwardly revised range. The stellar debut showcases investor appetite for high-growth SaaS platforms despite broader market turbulence.