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Figma stock soars 250% in first day of trading, valuing company north of $45 billion
Design software maker Figma ( FIG ), set to begin trading in Thursday's session, priced its initial public offering at $33 per share on Wednesday, signaling strong demand as the price comes in above expectations for a range of $30-$32. The company is set to be worth $19.3 billion on 585 million shares outstanding at the $33 mark.
Figma nourished the crowd at its Wall Street IPO party with free pizza, branded swag, and vibes.
Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of "letting startups ...
Investors and bankers are wondering why the software company didn’t price its shares higher to capitalize on fervent demand.
Closing at $115.50, the IPO instantly catapulted Figma’s valuation to nearly $68 billion—more than triple Adobe’s failed $20 ...
Former FTC chair Lina Khan celebrated Figma's blockbuster IPO in an X post.
As a business, Figma appears to have a bright future ahead of it, but after tripling on its IPO day, the stock now has a ...
Fast-growing Figma’s internet software has over 13 million users, and the customer list includes Google, Microsoft and ...
Danny Rimer, partner at Index Ventures, led Figma’s seed round in 2013, when the company’s stock was valued at just 9 cents ...
After Figma's first two days of trading on the NYSE, 33-year-old CEO Dylan Field owns a stake worth about $6.6 billion.
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