Figma Stock Skyrockets 300% in IPO Debut—Tech Investors Go Wild

Design platform Figma just pulled off the most explosive tech IPO of 2025—and Wall Street's scrambling to justify the valuation.

From zero to triple-digit hero

The stock market isn't known for rational behavior, but Figma's opening act defied even crypto-level hype. Shares opened at $75 and didn't stop climbing until they'd obliterated every analyst's price target.

VCs popping champagne (for now)

Early backers are sitting on paper gains that could fund a small nation's GDP—though everyone remembers how WeWork's 'unicorn' status aged like milk. The real test comes when lock-up periods expire and insiders start cashing out.

Meanwhile in crypto-land: Bitcoin maximalists are suddenly very interested in 'traditional' tech stocks—but only until the next bull run, obviously.

Key Takeaways

• Figma shares more than tripled from their IPO price on their first day of trading.
• The company priced its IPO at $33, and shares have since rocketed to above $100.
• In 2022, Adobe had agreed to buy Figma for $20 billion, but the deal fell through due to regulatory hurdles.

Figma (FIG), a design software Maker that debuted on the New York Stock Exchange Thursday, is off to a strong start as a publicly traded company.

Shares of Figma more than tripled in their first day of trading from their initial public offering price of $33 per share to more than $102 in recent trading. That WOULD give Figma a market capitalization near $50 billion, based on the number of shares outstanding listed in a regulatory filing.

That valuation is more than double the $20 billion acquisition offer from Adobe (ADBE) that Figma accepted in 2022. That deal was terminated in 2023 due to regulatory hurdles.

Figma and its shareholders sold nearly 37 million shares of stock, raising roughly $1.2 billion. The IPO price of $33 per share was above Figma's estimated range of $30 to $32, which was revised up from an initial projection of $25 to $28.

Figma offers creative tools for app and web interfaces and counts some of the world’s most valuable tech companies, including Amazon (AMZN), Google parent Alphabet (GOOGL), Oracle (ORCL), and Netflix (NFLX), among its customers. The company reported first-quarter net income of $44.9 million on revenue that jumped 46% year-over-year to $228.2 million.

Figma’s launch comes after a series of strong IPOs this year, including stablecoin issuer Circle's (CRCL), and online trading platform eToro's (ETOR) last month.