FIG dessert, anyone? Figma (FIG) more than doubled its IPO price – opening at $85 – up nearly 158 percent in its New York Stock Exchange debut early this afternoon. From that moonshot at the first tick, Figma (FIG) shares just kept climbing – hitting a session high above $116 and tapering off slightly to trade at around $104 at 2:56 p.m. EDT – with about an hour to go ‘til the closing bell on Thursday, July 31, 2025. (A moonshot occurs when a stock doubles its IPO price – or more – on its first day of trading.)
Figma’s stock closed at $115.50 – up $82.50 from its IPO price for a whopping gain of 250 percent – on its first day of NYSE trading (Thursday, July 31, 2025). Volume: 52.48 million shares.
Figma (FIG), known for its design software on a collaborative platform and its A-list clients ranging from AirBnb to Netflix to Uber, priced its hot IPO at $33.00 – $1.00 above the top of its recently increased price range. Figma sold 36.94 million shares – the number of shares in the prospectus – at $33.00 to raise $1.22 billion on Wednesday night, July 30, 2025.
Morgan Stanley, Goldman Sachs, Allen & Company and J.P. Morgan were the lead joint book-runners. The joint book-running team included BofA Securities, Wells Fargo Securities and RBC Capital Markets.
At pricing, Figma (FIG) had a market cap of about $16.1 billion. FIG’s market cap vaulted to about $19.3 billion, when dilution, RSUs (restricted stock units) and the CEO’s pay package were taken into account – and that was before Figma’s NYSE debut.
IPO allocations of FIG appear to have been distributed by eye-dropper to most players, according to the word on the Street.
For IPO players who were lucky enough to get some stock, FIG might go down in the books as one of their favorite summertime treats.
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