Figma’s Market Debut: A Spectacular 250% Surge Following $1.2B IPO
Design software company Figma made a spectacular market debut on Thursday, with shares soaring from their $33 IPO price to close at $115.50, marking a 250% gain on the first trading day. The San Francisco-based company raised $1.2 billion in its initial public offering, pricing shares above their expected range of $30-32.
The dramatic opening reflects strong investor appetite for tech IPOs after a multi-year drought. Figma opened at $85 and reached an intraday high of $124.63, giving the company a market cap of approximately $47.1 billion. The company, which ranked 45th on CNBC’s 2025 Disruptor 50 list, boasts over 13 million monthly users and clients including:
- Microsoft
- Netflix
- Uber
Originally set to be acquired by Adobe for $20 billion in 2022, the deal fell apart after UK regulators raised competition concerns. NYSE President Lynn Martin suggested this successful debut could “open the floodgates” for more tech IPOs.