Figma closes first trading day with $47B market cap
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.
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.