On August 1, the online collaboration design platform Figma finally listed on the New York Stock Exchange, ending a long delay in its IPO. The market reacted enthusiastically to this listing, with Figma's stock soaring to a high immediately after opening, and temporarily halting trading due to excessive volatility, showing the high level of investor enthusiasm.
Figma's IPO was priced at $33 per share, and the company and existing investors raised billions of dollars through this offering. On the first day of trading, its stock price fluctuated sharply between $101 and $124, and finally closed at $115.50, giving the company a market value of $47 billion, far exceeding its 2023 valuation of $20 billion when Adobe made an offer to acquire it, which ultimately stalled due to regulatory reasons.
The IPO hype continued into after-hours trading, with many investors posting on social media platform X, joking that they were "allocated one share" or "only got 17 shares," even attaching screenshots of Robinhood orders to show off, causing widespread attention and discussion. This also reflects the intense popularity of this IPO.
Figma's successful listing not only symbolizes its strong appeal in terms of products and community, but also demonstrates the high recognition of the capital market for the future growth potential of design-focused SaaS platforms.