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Figma's stock soars in its highly anticipated IPO, market cap instantly hits $45B
TechCrunchยท 2025-07-31 18:15
Core Insights - Figma began trading on the New York Stock Exchange with significant market activity, leading to a temporary halt in trading due to volatility [1] - The stock price fluctuated between $101 and $112, resulting in a mid-day market capitalization of $45 billion [1] - The IPO price was set at $33 per share, indicating a substantial increase in value post-IPO [1] Demand and Market Reaction - There has been high demand for Figma's stock, with investors sharing humorous experiences of receiving fewer shares than requested from trading platforms [2] - The successful IPO has overshadowed Figma's previous failed acquisition attempt by Adobe, valued at $20 billion, marking a significant turning point in the company's history [2]