Figma more than triples in NYSE debut after selling shares at $33

Take a look at shares of software design developer Figma soaring. And when I say soaring, that's probably an understatement. Uh in their public debut yesterday, the company pricing its IPO $33 uh a share. That was originally open for trading yesterday at $85, then closed at more than $115. At that point, Fig's market cap was close to $70 billion. As you remember, and we've talked about it, um Adobe agreed to buy that company back in 2022 for $20 billion, but that deal had fallen apart over concerns from Bri ...