Figma's market value surged to 47 billion dollars on its debut day, with stock price once triggering a trading halt
Figma listed on the New York Stock Exchange on August 1st, with an IPO pricing of 33 dollars. Its stock price fluctuated dramatically on the first day, closing at 115.5 dollars, giving the company a market value of 47 billion dollars, far exceeding Adobe's 20 billion dollar acquisition offer from last year. The market reaction was enthusiastic, with trading halted due to volatility, and investors sharing their orders on social media platforms, sparking widespread discussion. This successful listing highlights Figma's product appeal and the capital market's optimism about the future of design SaaS platforms.
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