Figma Stock Soars 17.4% on IPO Debut

On August 1, 2025, Figma's stock surged by 17.4% in pre-market trading, marking a significant rise in its share price.

Figma, the design software company, made a remarkable debut on the New York Stock Exchange, with its stock price more than tripling. The company and its early shareholders raised $1.2 billion in its IPO, with shares priced at $33. The stock began trading at $85 a share and quickly rose to as high as $107, giving Figma a market capitalization of roughly $46 billion.

Figma's successful IPO reflects optimism about the venture-backed IPO landscape, which has been recovering in recent years. The company's growing, profitable business, with revenue up 46% year-over-year to $228.2 million and a net income of $44.8 million in Q1 2025, has contributed to this optimism. Figma is backed by prominent Silicon Valley investors, including Index Ventures, Kleiner Perkins, Greylock, and Sequoia Capital, all of whom hold stakes worth over $1 billion in the company.

Looking ahead, Figma's biggest challenge will be adapting to and capitalizing on AI. Greylock venture partner John Lilly believes that Figma is well-positioned to integrate AI tools and create new ones, making it a significant opportunity for the company. Figma's CFO, Praveer Melwani, has indicated that the company will continue to pursue acquisitions and maintain its business operations as usual.