Figma’s IPO Soars 250% in Debut, Valuing Company at $45B+
Figma's stock surged more than 250% on its first trading day, closing above $117 after pricing its IPO at $33 per share. The design software company's market capitalization exceeded $45 billion, with shares halted multiple times due to volatility. Demand for new issues remains robust—Figma raised $1.2 billion by selling 36.94 million shares, surpassing its expected $30-$32 pricing range.
The IPO marks another milestone in 2025's strong tech debut market, following standout performances from Circle and CoreWeave earlier this year. Figma had previously scrapped a $20 billion acquisition by Adobe in 2023 after regulatory pushback. Wall Street has closely monitored the company's transition to public markets as a bellwether for software valuations.
