Overview

• Figma priced 36.9 million shares at $33 each, raising about $1.2 billion primarily for early investors
• Investor demand reflected excitement over Figma’s rapid growth, popular cloud-based design tools and integration of new AI features
• Shares closed around $115 on debut, marking a 250% gain over the IPO price and valuing the company near $68 billion
• Former FTC chair Lina Khan hailed the outcome as proof that stringent merger reviews can foster competition and innovation
• Adobe abandoned its proposed $20 billion takeover in December 2023 after regulators raised competition concerns, clearing the path for Figma’s independent surge