Key Takeaways
- Figma shares more than tripled from their IPO price on their first day of trading.
- The company priced its IPO at $33, and shares have since rocketed to above $117.
- In 2022, Adobe had agreed to buy Figma for $20 billion, but the deal fell through due to regulatory hurdles.
Figma (FIG), a design software maker that debuted on the New York Stock Exchange Thursday, is off to a strong start as a publicly traded company.
Shares of Figma more than tripled in their first day of trading from their initial public offering price of $33 per share to more than $117. That would give Figma a market capitalization over $57 billion, based on the number of shares outstanding listed in a regulatory filing.
That valuation is nearly three times the $20 billion acquisition offer from Adobe (ADBE) that Figma accepted in 2022. That deal was terminated in 2023 due to regulatory hurdles.
Figma and its shareholders sold nearly 37 million shares of stock, raising roughly $4.3 billion. The IPO price of $33 per share was above Figma’s estimated range of $30 to $32, which was revised up from an initial projection of $25 to $28.
Figma offers creative tools for app and web interfaces and counts some of the world’s most valuable tech companies, including Amazon (AMZN), Google parent Alphabet (GOOGL), Oracle (ORCL), and Netflix (NFLX), among its customers. The company reported first-quarter net income of $44.9 million on revenue that jumped 46% year-over-year to $228.2 million.
Figma’s launch comes after a series of strong IPOs this year, including stablecoin issuer Circle‘s (CRCL) last month, and online trading platform eToro‘s (ETOR) in May.
CORRECTION—July 31, 2025: This article has been updated since it was first published to reflect more recent stock prices and that eToro made its public debut in May.