FIGMA'S STOCK SOARS IN ITS HIGHLY ANTICIPATED IPO, MARKET CAP INSTANTLY HITS $45B
Figma has gone public on the New York Stock Exchange after a prolonged delay, with its stock price surging so rapidly that trading was briefly halted due to volatility. Shares initially priced at $33 quickly spiked to between $101 and $112, giving the company a market capitalization of $45 billion. The blockbuster IPO marks a major rebound from its failed $20 billion acquisition by Adobe in 2023, now seen as a minor blip in its growth story.