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Figma shares triple in trading debut, fueling optimism around tech IPOs

Jul 31, 2025, 9:41pm EDT
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People mill outside the New York Stock Exchange on the day of Figma’s IPO.
Levine-Roberts/Sipa USA via Reuters

Figma shares more than tripled in the company’s New York trading debut Thursday, suggesting a turnaround in the tech IPO landscape, analysts said.

Shares in the design software firm — which Adobe had agreed to acquire in 2023 before UK regulators killed the deal — were sold for $33 in its IPO on Wednesday, but were trading for more than $107 Thursday afternoon. It marked the largest venture capital-backed IPO in the US since 2021, and is a strong sign for the broader IPO market, which has been in a multiyear lull.

“This will open the floodgates,” the president of the New York Stock Exchange said, predicting a slew of forthcoming listings.

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