Figma IPO and stock reaction: All you need to know
Figma has become the latest major tech company to go public. On its first day of trading on the New York Stock Exchange, the stock surged 250%.
The design software company and some of its existing investors sold 36.9 million shares at $33 each, beating the expected price range of $30-32. The price range had been raised from $25 to $28 earlier in the week due to strong demand.
