Figma’s Stock Soars Following Highly Anticipated IPO, Achieving $45B Market Valuation Instantly

Figma made its long-awaited entrance on the New York Stock Exchange on Thursday, experiencing a swift rise that resulted in a temporary trading suspension due to market volatility.

Currently, the stock price hovers between $101 and $112, with a midday market valuation reaching $45 billion, as reported by Yahoo Finance.

The company, alongside its current investors, offered shares at the initial public offering (IPO) price of $33 each, marking a significant increase.

The substantial demand for the stock has led users on X to post funny images reflecting their Robinhood order experiences. Instead of receiving the many shares they desired, numerous investors found themselves with just one share; one user even proudly shared that they obtained 17 shares.

Nonetheless, this successful IPO signifies that Figma’s earlier attempt to be acquired by Adobe for $20 billion in 2023 is now just a minor detail in its narrative.