Figma’s shares soar over three times their initial value on NYSE debut after being priced at $33.

Figma’s Public Offering at NYSE

Figma marked its first public offering on the New York Stock Exchange on July 31, 2025, generating significant excitement.

On its debut, the tech company saw its shares soar more than threefold from the IPO price of $33, indicating a possible resurgence in the tech IPO market. This resurgence comes after a prolonged slump that started in early 2022, which was largely driven by rising inflation and interest rates. Other companies entering the market include Chime, the publisher of a stablecoin, as well as CoreWeave, an AI infrastructure provider, and health tech firms like Hinge Health and Omada Health.

Figma’s opening transaction valued the company at approximately $50 billion, with stock trading under the ticker symbol FIG briefly stopping after hitting over $112.

Previously, Adobe attempted to acquire Figma for $20 billion in 2022, but that deal fell apart in 2023 after concerns were raised by UK regulators regarding competition harm. Leading the company is CEO Dylan Field, who is just 33 years old. Figma provides web-based software that enhances collaboration on app designs, slide decks, and digital whiteboards.

Field shared his insights on CNBC’s Squawk Box, underscoring the need for focus and listening to customers despite market fluctuations. He emphasized the importance of viewing stock prices as momentary and mentioned that, based on initial pricing, the company’s interests may be valued at more than $4.5 billion. He anticipated varied market behaviors in the days ahead.

Figma boasts over 13 million monthly users, two-thirds of whom aren’t designers, which is a notable statistic. As of March 31, more than 1,000 clients were spending over $100,000 a year on Figma services. Notable customers include Google, Microsoft, Netflix, and Uber.

In its preliminary quarterly earnings report, Figma reported operating profits between $9 million and $12 million and revenues of about $247 million to $250 million, with a year-on-year growth of approximately 40%.

Last week, Figma had announced a price range of $25 to $28 for its stocks, later updating to a target of $30 to $32, only to surpass that final price. The company raised $1.2 billion from the offering, with a significant portion allocated to current shareholders, including venture capital firms such as Greylock Partners, Index Ventures, Kleiner Perkins, and Sequoia Capital.

Founded in 2012 and headquartered in San Francisco, Figma was ranked 45th on CNBC’s 2025 Disruptor 50 list.

NYSE president Lynn Martin commented on the promising outlook for future transactions, suggesting a strong continued demand for Figma after their pricing adjustments.