Overview

• Figma closed August 1 up over 5% after its 250% first-day surge, sustaining a market cap near $60–68 billion on the NYSE.
• The company raised about $1.2 billion by selling 36.94 million shares at $33 each, beating its revised price range.
• Its valuation now approaches triple Adobe’s abandoned $20 billion takeover bid, reflecting investor confidence in its independent growth.
• Figma reported over 46% year-over-year revenue growth and counts more than 75% of Forbes 2000 firms as customers, fueled by AI-driven collaboration features.
• Lina Khan celebrated the IPO as vindication for rigorous merger scrutiny and as evidence that startups can flourish outside big-tech buyouts.