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Figma closes first trading day with $47B market cap

Early trading triggered a temporary halt due to rapid price swings and high volatility.

byKerem Gülen
August 1, 2025
in Finance, News

Figma’s initial public offering (IPO) commenced trading on the New York Stock Exchange Thursday, marking a significant milestone for the design software company. Early trading activity triggered a temporary halt due to pronounced market volatility.

The stock’s value surged rapidly, achieving a market capitalization of $45 billion within the first minute of trading. Throughout the day, the stock price experienced fluctuations, ranging between $101 and $124. According to a Yahoo Finance report, Figma concluded the day with a closing price of $115.50, resulting in a market capitalization of $47 billion.

Figma, along with its existing investors, offered shares at an IPO price of $33 per share. Demand for the stock has been notably high. Social media users on X reported limited share allocations on platforms such as Robinhood, with some investors receiving only a single share despite placing orders for larger quantities. One user stated that they received an allocation of 17 shares, this was an exception to the norm.

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Me: sign up to buy 3000 $FIG shares on IPO@RobinhoodApp: Here’s 1.

Pretty ridiculous pic.twitter.com/5bRhucwlbQ

— Wiz (@nadavwiz) July 31, 2025

 

The successful IPO effectively minimizes the significance of Figma’s previously proposed acquisition by Adobe in 2023. The $20 billion deal, which ultimately failed to materialize, is now regarded as a relatively minor event in light of Figma’s current market valuation and independent success.


Featured image credit

Tags: figmaIPO

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Is ChatGPT down again? Reports indicate ongoing outage

Path of Exile: Keepers of the Flame will be the Breach 2.0!

Google Meet now lets you move people in and out of meetings like a lobby

Sam Altman: AI will cause “strange or scary moments”

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