Figma Debuts on NYSE With 200% Surge, Capturing $60 Billion Market Cap

Figma, the San Francisco-based design and product development platform, made a remarkable entrance into the public market on July 31, 2025, with its shares soaring over 200% on the New York Stock Exchange (NYSE). The stock opened at $85, significantly above its initial public offering (IPO) price of $33, and reached a peak of $115.50 during the trading day, culminating in a market capitalization exceeding $60 billion.

The IPO raised approximately $1.2 billion through the sale of 36.9 million shares, valuing the company at $19.3 billion at the offering price. This valuation closely mirrors the $20 billion acquisition offer from Adobe in 2022, which was abandoned in December 2023 due to regulatory challenges.

Founded in 2012 by Dylan Field and Evan Wallace, Figma has evolved from a design tool to a connected, AI-powered platform that helps teams go from idea to shipped product. The platform is renowned for its real-time collaboration features, serving over 13 million users, including 95% of Fortune 500 companies.

In the first quarter of 2025, Figma reported a 46% year-over-year revenue increase to $228.2 million and net income of $44.9 million. The company's strong financial performance and market position have made it a leader in the design collaboration software industry.

The IPO was notably oversubscribed, with demand outpacing supply by a factor of 40, indicating strong investor interest. This successful debut is expected to invigorate the tech IPO market, which had been relatively dormant since 2022.

Figma's CEO, Dylan Field, emphasized the company's commitment to its mission, stating, "The most important thing to remind myself of, the team of, is share price is a moment in time. We're going to see all sorts of behavior probably today, over the weeks ahead."

The company's successful IPO may set a new precedent for high-growth tech companies considering public offerings, demonstrating that investor appetite for innovative software firms remains robust. As Figma embarks on its journey as a publicly traded company, the industry will be watching closely to see how it leverages this momentum to further its growth and innovation.