01.08.2025 03:27

Figma's highly anticipated NYSE debut on Thursday resulted in a spectacular 250% surge, closing the day at a remarkable $115 per share. This dramatic increase followed an initial public offering (IPO) price of $33, significantly exceeding expectations. The stock's momentum continued even after the market closed, climbing a further 24% to $143 in after-hours trading, as reported by Yahoo Finance.

This impressive performance catapulted Figma's enterprise value to a staggering $66 billion, more than triple the proposed acquisition price in Adobe's unsuccessful 2022 takeover bid, a deal ultimately blocked by European regulatory bodies. The company's substantial holdings, including $70 million in Bitcoin ETFs, undoubtedly contributed to investor enthusiasm.

Adding to the day's excitement, prominent investor Cathie Wood's ARK Invest made a significant purchase, acquiring 60,000 shares of Figma on its first day of trading, according to information sourced from internet sources. This substantial investment further underscores the market's confidence in Figma's future prospects.

Figma's successful IPO is part of a broader trend of increased IPO activity in 2025, a revival attributed to the current administration's policies. This surge in public listings follows the similarly successful debut of Circle Internet Financial, the issuer of USDC, the second-largest stablecoin, which also experienced a strong market entry on the NYSE. Interestingly, Figma's SEC filing revealed a $30 million USDC stablecoin reserve specifically allocated for future Bitcoin acquisitions, reflecting a growing corporate trend of integrating crypto assets into treasury management. This strategic approach positions Figma at the forefront of this emerging financial landscape.