Figma's Explosive IPO: The Year's Standout Tech Stock Launch
Wall Street hasn’t seen a tech listing like this in a while. Figma IPO kicked off on July 31, 2025, sending shockwaves across the financial world. The numbers are eye-popping: Figma priced its initial public offering at $33 per share, and it raised a hefty $1.2 billion off the bat by selling nearly 37 million shares. But as soon as trading began, that $33 price became a distant memory—shares opened at $85, then rocketed as high as $124.63 before closing with a market cap of $45 billion. By the end of the day, all the wild action pushed Figma’s valuation close to an unbelievable $68 billion.
Tech IPOs are always a big deal, but Figma’s debut cranked the hype up to eleven. IPOs don’t usually triple their price within hours, but that’s exactly what happened here. Just two years ago, Figma was staring down a $20 billion acquisition from Adobe—that deal tanked when regulators stepped in. Now, in a twist nobody saw coming, Figma is worth more than three times Adobe’s take-it-or-leave-it offer, with the company standing out as a true competitor instead of a buyout target.
Retail Frenzy, Market Volatility, and a Snapshot of Figma's Future
Getting a piece of Figma was like catching lightning in a bottle. Retail investors clamored for a shot, but most walked away with empty hands as allocations ran dry in the frenzy. Institutional players dominated, which only seemed to push demand—and the price—even higher. Trading spikes got so wild, the New York Stock Exchange actually hit the brakes and temporarily halted activity to cool things off. No wonder analysts are already calling it the IPO of the year.
Behind the scenes, a huge chunk of shares—about two-thirds—came from current stakeholders, giving them a big payday. Figma itself released 12.5 million new shares; the rest were offloaded by existing insiders and early investors. There’s even an over-allotment option for another 5.5 million shares if demand stays hot, bringing in more if Wall Street’s appetite doesn't cool anytime soon.
Long-timers at Figma are getting their slice, too. CFO Ravi Melwani, who’s been around since the start in 2017, now holds about 0.3% of the company—a relatively small portion in percentage terms, but one worth millions in this hyped-up market.
So, what’s the big draw? Figma’s cloud-based design software isn’t just another tool for graphic designers—it’s a collaborative, real-time platform used by teams across some of the world’s leading tech companies. With the digital world relying more than ever on seamless, remote teamwork, Figma’s edge feels sharper, putting long-standing rivals in the rearview mirror.
If this debut says anything, it’s that investors see Figma as the next tech powerhouse. For Wall Street, it’s been a much-needed adrenaline shot after a stretch of disappointing IPOs. Now the real test begins as Figma works to justify the dizzying premium the market’s just handed it.