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.
Design-software company Figma Inc. priced its initial public offering at $33 a share late Wednesday, raising more than $1.2 billion.
Figma will begin trading on the New York Stock Exchange on Thursday in one of the most anticipated IPOs of 2025. The IPO is 40-times oversubscribed, VCs confirmed to TechCrunch and Bloomberg previously reported.
Although CNBC's Jim Cramer said he likes Figma's underlying business, he's hesitant to recommend the stock right away because it might quickly become too expensive. The design software company is among the most valuable privately-held technology companies.
Collaborative design software company Figma has increased the price target for its highly anticipated initial public offering (IPO). Shares are now expected to be priced between $30 and $32 each, up from the previously disclosed price target range of $25 and $28 each.
Figma Inc.'s hot initial public offering this week could set the stage for other multibillion-dollar IPOs in coming months, one Wall Street analyst said Monday.
Figma is targeting a valuation of $16.4 billion in its upcoming initial public offering, according to a new filing with the Securities and Exchange Commission (SEC).