Cathie Wood and Ark Invest have purchased 60,000 shares of Figma in its IPO, allocated to the ARK Next Generation Internet ETF. FIG debuted soaring over 200%, closing at $115.50. Wood’s confidence in Figma points to its potential in collaborative design, despite caution about pricing inefficiencies in the IPO market.

Figma’s revenue hit $749 million in 2024, with a 48% increase year over year, and Q1 2025 revenue at $228.2 million. The company boasts 95% Fortune 500 and 78% Forbes Global 2000 usage, with a net dollar retention rate of 132%. AI integration, like Figma Make, showcases innovation leadership in design automation.

Figma’s total addressable market is estimated at $33 billion, with a robust ecosystem of 250,000 community resources and 10,000 plugins. As the digital economy expands, Figma aims to capture market share with generative AI advancements and IDC’s projection of over 1 billion new apps by 2028.

Read more at Yahoo Finance: Cathie Wood is Buying Figma Stock with Both Hands. Should You Buy This Hot IPO, Too?