“It's going to be really important that companies think about not just what they're creating but how users are experiencing it,” says Figma CTO/
Figma's IPO saw shares triple, driven by strong growth, product superiority, and investor excitement, but valuation has reached dizzying heights. The company boasts impressive revenue growth, huge cash reserves, and early profitability, but trades at around 50x annualized sales after the IPO surge. Key risks include sky-high valuation, reliance on key staff, dual-class shares, slower growth, and potential upcoming competition.
Design software maker Figma's IPO on the NYSE is oversubscribed with share prices nearly triple the IPO's initial $33 per share price and a possible valuation of more than $50 billion.
Figma (FIG) is shooting the lights out on its trading debut. The latest big IPO stands to make co-founder and chief Dylan Field very rich.
Figma (FIG), a design software maker that debuted on the New York Stock Exchange Thursday, is off to a strong start as a publicly traded company.
Early Figma investor Mamoon Hamid, partner at Kleiner Perkins, says the depth of engagement with the software attracted him to the design platform back in 2018. As the company goes public, Hamid says they have room to grow with users.
The software company's splashy offering adds fuel to an IPO comeback already underway.
Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared to so quickly that trading was halted for a short time due to market volatility.
Figma, which makes a design platform, had been on the verge of a $20 billion sale before regulators quashed the deal. On Thursday, it went public, with the stock soaring 158 percent on its first trade.
Figma shares rocketed in their public market debut on Thursday. The design software vendor is the latest technology company to go public in 2025, as the IPO markets show life after a multi-year lull.
Figma and some of its backers raised $1.2 billion in an initial public offering, pricing its shares above the marketed range, in one of the most in-demand listings of the year. Caroline Hyde sat down with CEO Dylan Field, here's what he had to say⬇️ Click Here
Today, one of the most anticipated initial public offerings of the year is happening.