Figma’s IPO Soars Amid Favorable Market Conditions
Figma's stock tripled on its debut trading day, opening at $85 after pricing its IPO at $33. The surge reflects robust investor appetite for tech stocks amid all-time market highs and receding tariff concerns.
The design software company embodies ideal IPO characteristics: rapid revenue growth, profitability, and a scalable product. Adobe's attempted $20 billion acquisition in 2022—blocked by regulators—serves as implicit validation of Figma's market position.