Figma Inc.’s Dylan Field has already cemented a billion-dollar fortune with this week’s planned initial public offering. But he could be looking at another 10-figure payday, thanks to a tranched compensation package similar to Elon Musk’s.

Key Takeaways Figma CEO Dylan Field stands to be very wealthy if he can hit the marks outlined in his pay package.The design software maker's trading debut puts big awards within reach.Field could make $1.

The price for design software developer Figma surged more than 250% on Thursday to close at over $117 per share after raising over $1.2 billion in an IPO, well over three times the $30-$32 range the company estimated in SEC filings earlier this week—making its 33-year-old CEO Dylan Field a billionaire.

Design-software company Figma’s stock rocketed 250% above its initial public offering price, and was headed for the largest ever first-day gain, after an IPO had raised more than $500 million.

With shares reportedly expected to list this week on the NYSE, the software startup just upped its target share price range. Here’s what to know. Collaborative design software company Figma has increased the price target for its highly anticipated initial public offering (IPO).

The big opening pop is the latest indication that the tech IPO market has reopened following a multiyear lull that began in early 2022.

Figma's $1.22-billion offering, the fourth-largest U.S. IPO of the year, is being seen as a potential catalyst for other startups eyeing a flotation after a three-year freeze in the tech listings market.

Figma, the design software company led by CEO and cofounder Dylan Field, saw its stock price more than triple in a stunning debut on the New York Stock Exchange on Thursday.