Cathie Wood's ARK Invest Buys $69M Worth of Figma Stock on Blockbuster IPO Debut

Cathie Wood's ARK Invest ETFs purchased $69.3m worth of Figma stock on the company's IPO debut, with shares rallying 250% to close at $115.50. Wood also bought AMD and Nvidia stocks, while selling CRSPR Therapeutics, Adaptive Biotechnologies, and Roku shares. Figma is a cloud-based design tool company that raised $1.2bn through its IPO.

Cathie Wood's ARK Invest ETFs purchased $69.3 million worth of Figma stock on the company's IPO debut, with shares rallying 250% to close at $115.50. Figma, a cloud-based design tool company, raised $1.2 billion through its IPO. The stock began trading at $84.11, significantly higher than the initial public offering (IPO) price of $33 per share, and closed at $115.50. Wood also bought AMD and Nvidia stocks while selling CRSPR Therapeutics, Adaptive Biotechnologies, and Roku shares [1].

Figma's IPO was a significant event in the tech sector, with the stock experiencing high demand and strong market sentiment. The company's valuation reached $19.3 billion, exceeding the proposed acquisition price in Adobe's failed 2022 takeover attempt. The stock's performance highlights the growing interest in cloud-based design tools and the potential for innovative technology companies to achieve high valuations on their debuts [2].

The strong performance of Figma shares also reflects the broader trend of increased IPO activity in 2025, with many companies going public amid a revival under the Trump administration. The high demand for Figma shares, including ARK Invest's purchase, underscores the investor confidence in the company's growth prospects and its potential to disrupt the design software market [1].

Cathie Wood's investment strategy, which focuses on disruptive innovative technology, has been a key driver of ARK Invest's success. The ETF's purchase of Figma shares, along with its investments in AMD and Nvidia, aligns with Wood's vision of investing in companies at the forefront of technological advancements. The strong performance of Figma shares, as well as the ETF's other holdings, demonstrates the potential for such a strategy to generate significant returns [3].

References:

[1] https://cryptobriefing.com/figma-explodes-nyse-debut-ark-investment/
[2] https://stocktwits.com/news-articles/markets/equity/cathie-wood-s-ark-invest-snaps-up-60-k-figma-shares/chr3Y7dRdGp
[3] https://www.ainvest.com/news/amds-128b-volume-ranks-7th-ai-optimism-drives-49-ytd-surge-2508/