Design software company Figma on Thursday soared in its first day of trading after its initial public offering. Figma stock is one of the highest-profile IPOs this year.
The Figma IPO priced at $33 a share late Wednesday.
Figma stock began trading Thursday afternoon at 85 and rose as high as 124.63. It ended the regular session at 115.50, up 250% from its listing price.
Figma offers cloud-based tools for the collaborative design of websites, apps and other products. In 2023, federal regulators blocked an attempt by rival Adobe to acquire Figma for $20 billion.
Analysts say the Figma IPO could open the door for more tech listings, including industry peer Canva.
In its S-1 filing for the IPO, Figma reported $749 million in revenue in 2024, up 48% from the prior year. The software maker said it has 13 million monthly active users and over 11,100 customers that generate more than $10,000 each in annual recurring revenue.
For the first quarter of 2025, Figma noted a 91% gross margin and 17% operating margin.
In other IPO news, Ambiq Micro stock rose 60.5% to 38.53 on its first trading day on Wednesday. The Austin, Texas-based company makes ultralow-power semiconductors for AI applications. On Thursday, Ambiq climbed 13.8% to close at 43.85.
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