Figma Stock Triples On Debut, Surpasses $56B Valuation

About Figma Stock Triples On Debut, Surpasses $56B Valuation

Figma's stock surged by 250% in their public debut, closing at 115.50, more than tripling its IPO price. The company's valuation surpassed 56 billion dollars, driven by strong investor interest and significant revenue growth. Figma, known for designing web and mobile interfaces, has expanded into software development and workplace collaboration tools. CEO Dylan Field’s stake is now worth billions. The company aims to grow its AI capabilities, pursue mergers and acquisitions, and broaden its user base beyond designers to developers and office workers.