Figma Shares Skyrocket 250% on First Day, Pushing Company Value Past \$45 Billion

Figma Shares Skyrocket 250% on First Day, Pushing Company Value Past \$45 Billion

Figma made a striking debut on the stock market Thursday, opening for trading just before 2:00 p.m. ET at $85 per share. By the end of the day, its stock had surged past $117—more than tripling from its IPO price of $33 per share.

This impressive performance pushed Figma’s valuation above $45 billion on its first day as a public company. The strong demand for shares caused several trading halts during the session, reflecting high investor interest.

Figma had originally priced its IPO above expectations, setting it at $33 compared to the projected range of $30 to $32. The offering raised approximately $1.2 billion, with 36.94 million shares sold. That total included 12.47 million new shares issued by the company and 24.46 million shares sold by existing shareholders.

The enthusiastic response signals that investor appetite for newly public tech companies—especially those in the software and collaboration space—remains strong.

Figma’s market debut is being closely watched, not only because of its eye-popping gains but also because it’s one of the most highly anticipated tech IPOs in recent years. The company, best known for its cloud-based design and collaboration tools, has gained massive popularity among designers, developers, and teams looking for real-time, browser-based solutions.

Its IPO success may help reignite interest in the public markets for other private tech companies that have been holding back amid broader market uncertainty. With its rapid rise in value, Figma now finds itself among the ranks of the most valuable software firms, highlighting the market’s confidence in its growth potential and business model.

Industry analysts say Figma’s public debut could set the tone for future tech listings. If investor enthusiasm continues, it may open the door for more IPOs in the second half of the year—especially in the SaaS and collaboration tool sectors, where demand has remained strong post-pandemic.

Figma’s CEO and co-founder, Dylan Field, described the milestone as a "huge moment" for the company and expressed gratitude to the employees, customers, and community who helped build Figma into what it is today. “This is just the beginning,” he said, hinting at the company’s ambitious plans for future innovation and expansion.