Figma exploded on the stock market, tripling in value on its first day trading on the New York Stock Exchange. The design tool company, known for changing how teams work together, priced shares at $33 and raised about $1.2 billion. By the end of the day, the stock hit $115.50—a 250% jump—putting its value between $50 billion and $68 billion.
The surge made Figma a top IPO in 2025 and showed investors want fast-growing tech again. This came after a $20 billion buyout by Adobe fell apart due to regulators. That failed deal forced Figma to go public alone. Turns out, that move worked.
A Wild First Day
Figma priced shares at $33 after weeks of investor pitches. Demand was strong from big firms and everyday buyers. It sold almost 37 million shares, pulling in over a billion dollars. When trading opened, shares shot up to $85 and kept climbing, closing at $115.50.
Moves like that are rare now, especially for VC-backed tech. It kicked off debate—was the IPO underpriced? Going low made things smooth and kept early investors happy, but Figma may’ve missed out on billions. Some say a direct listing might’ve made more sense and captured more value.
Why It’s Hot
Three reasons. One: Figma leads in design collaboration. It runs in your browser, lets teams work live, and is hard to replace. Two: it’s going all-in on AI. The plan is to cut boring tasks, boost speed, and make design easier. That lines up with the AI hype and pulls in investors chasing big returns.
Three: the numbers look solid. Last quarter, Figma pulled in $228.2 million, up 46% from last year, with $44.9 million in profit. In 2024, revenue jumped almost 48%. That’s fast growth—and rare profit—for a tech IPO.
Shaking Up the IPO Market
Figma’s launch hits as the U.S. IPO market starts to thaw. After years of weak listings, 2025 has seen more action. Circle and eToro went public earlier, but none made this kind of splash.
Founders and investors are watching. Figma’s success might nudge other fast-growing firms to go public sooner. Looks like Wall Street’s ready to back big tech stories again.
Winners Everywhere
Figma’s rally made people rich. CEO Dylan Field’s shares are worth billions. VC firms like Sequoia, Index, Greylock, and Kleiner Perkins made out big too.
Some backed Figma over ten years ago, when it was a small upstart going after Adobe. The Adobe deal that fell apart in 2023 seemed like a loss. But staying independent let Figma grow—and win big on its own.
Can It Last?
Now the test begins. Can Figma keep this up? Plenty of tech IPOs spike then sink, especially after insiders sell. People will watch growth, new AI tools, and how well it lands more customers.
Figma says it’ll use the cash to build products, expand worldwide, and lock in new deals. To hold this value, it has to grow fast and stay sharp.
More Than Money
This IPO isn’t just about stock. It proves Figma built something real—something that changed how people work. It also shows the market is ready again to bet on real tech with real growth.
If Figma delivers, this IPO won’t just be huge—it might spark the next tech IPO wave.
