FIGMA MORE THAN TRIPLES IN NYSE DEBUT AFTER SELLING SHARES AT $33

Summary from the TLDR newsletter

Figma's shares more than tripled in its New York Stock Exchange debut yesterday. The company sold shares at $33 in its initial public offering - FIG closed at $115.50. Figma ended the day with a market cap of almost $68 billion. Adobe had agreed to acquire Figma for $20 billion in 2022, but the deal fell apart after UK regulators said it would likely harm competition.