Overview
- Shares climbed 5% on Friday, pushing Figma’s market cap to about $59 billion following its debut surge.
- The offering was priced at $33 per share, raising $1.2 billion through the sale of 36.94 million shares.
- Figma opened trading at $85 and closed its first day at $115.50, marking a 250% jump from the IPO price.
- The company logged over 46% year-over-year revenue growth and now serves more than 75% of the Forbes 2000 with 13 million monthly users.
- Former FTC chair Lina Khan said the IPO vindicated regulators’ decision to block Adobe’s $20 billion bid, underscoring the value of independent growth.