Figma (FIG) Skyrockets 250% in Record-setting IPO

by MarketNewsData

Figma (FIG) made its long-awaited public debut on July 31, 2025, with shares opening at $85—more than double its $33 IPO price—and closing at $115.50, marking a 250% first-day gain. The blockbuster performance pushed the company’s market capitalization to nearly $50 billion, far surpassing its IPO valuation of $19.3 billion.

The IPO is seen as a major win for the 2025 tech IPO class, reigniting confidence in high-growth software listings.

IPO Details

  • IPO Price: $33.00 per share
  • Shares Offered: ~36.94 million Class A shares
    • ~12.47 million by Figma
    • ~24.47 million by existing shareholders
  • Gross Proceeds: ~$1.22 billion
    • Figma receives ~$412 million
    • Selling shareholders receive ~$807 million
  • Lead Underwriters: Morgan Stanley, Goldman Sachs, J.P. Morgan

Valuation

  • IPO Valuation: ~$19.3 billion
  • Fully Diluted Valuation Post-IPO: ~$20 billion

Market Debut Performance

  • Opening Price: $85.00
  • Day High: ~$115.50
  • Closing Price: $115.50
  • Day 1 Gain: +250% from IPO price
  • Market Capitalization at Close: ~$47–50 billion
  • Trading Volume: Exceptionally high with strong retail and institutional demand

Key Highlights

  • Figma’s IPO marks one of the most successful tech listings in recent years.
  • The company’s public debut comes after the collapse of the $20 billion Adobe acquisition due to regulatory opposition in late 2023.
  • Investor demand was strong due to Figma’s high growth profile, clean capital structure, and growing ARR (reportedly over $500 million).
  • The IPO is viewed as a milestone moment for the 2025 IPO market, signaling renewed interest in high-growth software names.

Conclusion

Figma’s IPO significantly exceeded expectations, both in pricing and aftermarket performance. The 250% first-day gain makes it one of the biggest opening day pops for a billion-dollar-plus U.S. tech IPO in the last decade. The success underscores strong investor appetite for category-defining SaaS platforms with clear product-market fit and a large user base.

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