Figma's debut on the stock market achieved a remarkable 250% gain, resulting in over $3.5 billion being transferred to initial investors. Despite a subsequent drop of 20.7% to $96.73, the company remains valued at more than $55 billion, which is nearly three times its IPO price. Initial pricing considerations included a potential higher share price, ultimately set at $33 to attract long-term institutional investors. The shares experienced high demand, being oversubscribed by more than 40 times, indicating a strong market interest regardless of initial pricing strategy.
Figma's IPO saw a historic first-day gain of 250%, the biggest for a $1 billion-plus US IPO, translating to $3.5 billion in value for investors.
Despite a pullback, Figma's stock was trading nearly three times its IPO price and valued at over 50 times its projected sales.
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