""I told the team before, even during-literally on the day of IPO-[and] after, you know, it's like number goes up number goes down. And we don't control that number, we control the inputs. And we have to educate the market," Field said. "The market doesn't come out of the gate understanding Figma, so it's our job to make sure that they understand our business and and that's going to take time.""
""The market doesn't come out of the gate understanding Figma, so it's our job to make sure that they understand our business and and that's going to take time.""
The company encouraged its team to focus on controllable operational inputs and on educating investors about the business instead of reacting to stock price volatility. The IPO priced at $33 per share and surged to $115.50 on the first trading day, valuing the company near $68 billion before the stock later fell more than 50% from that peak after the first earnings report. The company reported $749 million in 2024 revenue, a 48% year-over-year increase, serves major clients such as Google, Microsoft, and Netflix, and is investing heavily in artificial intelligence capabilities.
Read at Fortune
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