Figma's stock opened at $85.00 a share, or 157.6% above the $33 IPO price, at 1:58 p.m. Eastern. It has rallied even further since then, and traded as high as $124.63 intraday - 277.7% above the IPO ...

Figma's IPO stands out as a "bellwether event for the tech sector," said Derek Hernandez of PitchBook Data, adding that the company is a "generational software-as-a-service company that has achieved a ...

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