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Figma Goes Public with Blockbuster IPO, Hits $47 Billion Valuation
July 31, 2025
After a long-awaited debut, design platform Figma began trading on the New York Stock Exchange on Thursday — and the market response was explosive.
Shares opened at $33, but demand surged so quickly that trading was temporarily halted due to volatility. Within the first minute, Figma’s market capitalization hit $45 billion, with share prices fluctuating throughout the day between $101 and $124. By market close, the stock settled at $115.50, pushing its valuation to $47 billion, according to Yahoo Finance.
The IPO marked a dramatic return to public market optimism for tech startups. Both the company and its existing investors sold shares at the initial offering price, benefiting from one of the most robust first-day pops seen in recent years.
Retail traders eager to get in on the action flooded platforms like Robinhood, only to find demand far outpacing supply. Social media was filled with posts from users who received just one share — or at most, a handful — instead of the dozens or hundreds they had requested. One user proudly posted about securing 17 shares, highlighting just how competitive allocations were.
Figma’s breakout IPO comes less than two years after a planned $20 billion acquisition by Adobe was called off in 2023 due to regulatory concerns. That failed deal, once seen as a major setback, now looks like a mere footnote in the company’s trajectory.
With strong market momentum and high investor interest, Figma’s public debut signals a potential revival for tech IPOs — and a bold new chapter for the collaborative design platform.
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