The design and collaboration software startup Figma, situated in San Francisco, made a dramatic debut on the New York Stock Exchange (NYSE), trading under the ticker symbol “FIG.” A valuation of around $19.3 billion was reflected in the company’s IPO pricing of $33 per share. This was close to the $20 billion agreed upon in Adobe’s last, unsuccessful takeover effort in 2023.
The IPO was 40 times oversubscribed, indicating strong demand, considerably exceeding investor enthusiasm. Figma stock’s shares started trading at a steeply higher $85 per share. And briefly soared to a high of $93.50 before volatility forced a temporary halt.
This sudden spike more than doubled the company’s IPO valuation. This results in a market capitalisation of about $50 billion at first trade. One of the most notable technological IPOs of 2025. The share price more than tripled from the IPO price, giving early investors substantial returns.
Figma stock’s successful launch into the market comes after the company’s outstanding financial results. Initially, 2025 saw revenues rise 46% year over year to $228.2 million and net income more than triple to $44.9 million. With prominent clients like Google, Microsoft, Netflix, and Uber. The company’s growing platform has attracted over 13 million monthly active users with new AI-powered tools and collaboration capabilities.
The IPO raised $1.2 billion, primarily benefiting existing shareholders and venture capital investors, with underwriting led by major banks including Morgan Stanley, Goldman Sachs, and J.P. Morgan.
CEO Dylan Field emphasized that despite the market excitement. The company remains focused on its mission to innovate and support its growing user base. The striking debut of Figma’s stock is viewed by market analysts as a potential catalyst for renewed activity in technology IPOs this year.
