Figma stock fluctuated Friday, closing up 5% after a 250% surge in Thursday’s debut. Priced at $33 per share, Figma’s IPO market value hit $59 billion, triple the $20 billion Adobe was willing to pay. CEO Dylan Field reported 46% revenue growth, with 75% of Forbes 2000 companies using Figma.

Figma’s IPO triumphed over Circle Internet Group and CoreWeave, marking a successful year for Wall Street dealmaking. The offering’s success hints at a fruitful year for M&A activity after tariff uncertainty and market downturns in the first half. Figma’s success sets a high bar for future tech IPOs.

Read more at Yahoo Finance: Figma stock gains 5% after blockbuster 250% debut rally