Figma Shares Surge Following Impressive Market Introduction

Introduction

The stock of Figma, a design software provider, soared by 6% on Friday, reflecting the robust demand following its market initiation.

Thursday marked Figma's opening on the stock market at $85 under its newly assigned ticker symbol, where it witnessed a significant rise, closing at $115.50, translating to a 250% increase. By Friday, shares had climbed beyond $120.

Figma's public market entry resumes the series of tech companies launching IPOs after a long hiatus. Earlier this year, the market observed entries from an infrastructure service provider in March and a digital physical therapy organization in May.

June witnessed further IPOs by companies including a stablecoin issuer, a service focused on virtual chronic care, and a provider of online banking solutions.

Figma's Pricing Strategy and Historical Context

In preparation for its public offering, Figma updated its prospectus last week, proposing to set share prices between $25 and $28. However, by Monday, it announced a revised range, ultimately setting the price $1 higher than the upper boundary.

Founded in 2012, Figma's trajectory could have been altered when Adobe attempted to acquire it for $20 billion in 2022. Regulatory hurdles in the U.K., which cited potential anti-competitive effects, led to the deal's dissolution in the subsequent year.

Operating from San Francisco, Figma has earned a spot in CNBC's 2025 list for significant private companies, where it stands 45th.