Figma Stock Price Up Over 250% After IPO
Topline
The price for design software developer Figma surged more than 250% on Thursday to close at over $117 per share after raising over $1.2 billion in an IPO, well over three times the $30-$32 range the company estimated in SEC filings earlier this week—making its 33-year-old CEO Dylan Field a billionaire.
The windfall from the IPO has minted a new billionaire.
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Key Facts
Figma’s stock opened at $85 on Thursday afternoon before quickly surging as high as $112 per share.
Antitrust regulators in the U.S. and U.K. rejected Adobe’s $20 million bid to acquire the company in 2023, but the company’s new market value of $50 billion based on shares exceeds the valuation from Adobe.
The windfall from…
