Figma, the popular design and collaboration software company, made waves on Wall Street with a jaw-dropping 250% surge during its public market debut on Thursday. Priced at $33 per share, Figma opened trading at $85 and closed Friday at $122—giving the company a staggering valuation of nearly $59 billion.
The IPO raised around $1.2 billion from the sale of nearly 37 million shares, split between the company and existing shareholders. Investor enthusiasm was clear as trading was halted multiple times due to high demand and price volatility.
Led by 33-year-old CEO Dylan Field, Figma has experienced rapid growth—reporting a 46% revenue increase year-over-year. Over 75% of Forbes 2000 companies now use its platform, reinforcing its leadership in the design tech space.
This debut now eclipses the IPOs of other 2025 standouts like Circle Internet Group and CoreWeave, solidifying Figma’s position as a top-performing tech IPO this year. The success also comes after Adobe’s failed $20 billion acquisition attempt in 2023 due to antitrust hurdles.
Wall Street sees Figma’s breakout as a signal that big tech IPOs are back, with investor appetite returning amid a more favorable market climate.