Figma Stock Gains 5% After Blockbuster 250% Debut Rally

Figma stock seesawed, ending the day up a little more than 5% after dipping into negative territory during morning trading.

The IPO price exceeded expectations of $30–$32 per share, signaling bullish investor sentiment. (Photo: Figma X)

The recent moves follow a blockbuster debut, with shares rocketing 250% on Thursday, Jake Conley reported for Yahoo Finance.

The design software company priced its IPO at $33 per share late Wednesday, and the stock didn’t begin trading until nearly 2:00 p.m. ET on Thursday. Shares opened at $85 and were halted multiple times Thursday afternoon due to volatility, as traders rushed to buy amid a frenzied IPO market for new tech stocks.

Figma’s IPO pricing gave the company a market valuation near $20 billion. By Friday’s closing bell, it was worth roughly $59 billion. The IPO price exceeded expectations of $30–$32 per share, signaling bullish investor sentiment.

As part of the offering, Figma raised approximately $1.2 billion through the sale of 36.94 million shares, divided between the company’s sale of 12.47 million shares and existing shareholders’ sale of 24.46 million shares.