Figma IPO: Stock Soars, Reaching $45B Market Cap

Figma's Highly Anticipated Public Debut

Trading of Figma commenced on the New York Stock Exchange on Thursday, following a considerable period of anticipation. The stock experienced a rapid ascent, prompting a temporary suspension of trading as a result of significant market fluctuations.

Almost immediately after the start of trading, Figma’s market capitalization reached $45 billion. Throughout the day, the stock price fluctuated between $101 and a peak of $124.

Initial Public Offering Performance

The company concluded its first day of trading at $115.50, resulting in a market capitalization of $47 billion, as reported by Yahoo Finance. This represents a substantial increase from the initial public offering (IPO) price.

Shares were initially offered by the company and current investors at a price of $33 per share. The subsequent price surge demonstrates considerable investor enthusiasm.

Demand and Order Fulfillment

Demand for Figma stock proved exceptionally high. Users on X (formerly Twitter) shared humorous accounts of their order fulfillment experiences with Robinhood.

Many reported receiving only a single share despite requesting larger quantities, with some individuals claiming to have been allocated as few as one share. (One user noted receiving 17 shares.)

Adobe Acquisition Now a Distant Memory

The successful IPO effectively overshadows Adobe’s previously attempted $20 billion acquisition of Figma in 2023. That proposed deal is now viewed as a minor event in the company’s trajectory.

Figma’s independent success signifies a new chapter for the design and prototyping platform.