FIG: Figma Stock Jumps 250% on IPO Day, Taking Its Market Cap to Whopping $67 Billion
1 min read
Key points:
- Figma IPO goes off the charts
- Valuation spikes as traders rush in
- Figma has $70 million in BTC ETFs
Friday’s opening bell added more than 20% to that stretched valuation that’s now more than half of Adobe’s — a company that listed shares back in 1986. Insert “Intelligent Investor goes in bin.jpg”
🚀 IPO Pops Off the Page
- Figma stock
FIG made its public market debut Thursday with a bang, a boom, and a record-breaking bounce, closing 250% higher at $115.50 on its first trading day. - The collaborative design startup’s fully diluted valuation hit $67 billion, a figure that now rivals legacy giants like Adobe
ADBE — which, fun fact, went public when fax machines were considered cutting-edge innovation (that’s 1986). - Figma raised $1.2 billion in its IPO, pricing shares at $33 apiece on Wednesday — a level that already implied a steep $19.5B initial valuation.
🦄 Unicorn Parade Marches On
- Demand? Off the charts. The offering was several times oversubscribed, and Thursday’s moonshot price action triggered multiple trading halts.
- The final valuation now towers over the $20 billion Adobe offered in a 2022 acquisition attempt that was ultimately blocked by regulators.
- Figma is the latest hot ticket in a reignited IPO market, following showy debuts from CoreWeave
CRWV and Circle Internet Group 
CRCL earlier this year. Wall Street seems hungry again for tech stories — especially those with real product-market fit and cult developer followings.
🤫 Figma, the Bitcoin Owner? Yes.
- Founded in 2012, Figma’s design tools have become the go-to standard for UI/UX teams globally, especially post-COVID when collaboration shifted online.
- In a quirky twist, Figma revealed it has invested $70 million in Bitcoin ETFs, plus another $30 million in stablecoins earmarked for new Bitcoin purchases. The company joins MicroStrategy, GameStop, and Tesla in the “publicly traded Bitcoin hoarder” club.
- It’s unclear how core crypto will be to Figma’s long-term strategy. But the mere participation in the industry is probably enough to pull the crypto fans into the stock.