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4w ago

Figma Stock Extends Rally Above $120, Nearing $75 Billion Valuation

The design software company’s shares climbed further after a 250% debut surge, reflecting strong investor demand that may reinvigorate the tech IPO market.

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Dylan Field, co-founder and CEO of Figma Inc., on the floor of the New York Stock Exchange on July 31, 2025.
Figma throws a block party outside the New York Stock Exchange.

Overview

  • On Friday, Figma stock jumped over 6% in its second trading day, trading above $120 after closing at $115.50 on Thursday.
  • The company raised $1.2 billion in its IPO priced at $33 per share, carrying a public valuation that has climbed from $19.3 billion to nearly $75 billion.
  • Debut trading saw Figma shares open at $85 and end with a 250% gain, marking one of the strongest first-day performances for a software IPO since 2021.
  • Figma reported $749 million in 2025 revenue—a 48% year-on-year increase—supported by 13 million monthly active users and over 11,100 enterprise customers.
  • This blockbuster listing outstrips the previously blocked $20 billion bid by Adobe and signals renewed investor appetite for high-growth technology offerings.