Figma’s Stock Soars In Its Highly Anticipated Ipo, Market Cap Instantly Hits $45b

Figma began trading connected nan New York Stock Exchange connected Thursday aft a agelong delay. It soared to truthful quickly that trading was halted for a short clip owed to marketplace volatility.

The value is presently bouncing betwixt $101 and $112 pinch a mid-day marketplace headdress of $45 billion, Yahoo Finance reports.

The institution and existing investors sold shares astatine nan IPO value of $33 per share. Quite nan pop.

There has been truthful overmuch request for this banal that group connected X are posting funny pictures of their orders being fulfilled by Robinhood. Instead of getting dozens aliases hundreds of shares arsenic requested, they are being allocated 1 solitary share, they say. (One personification bragged about getting 17 shares.)

In immoderate case, nan successful IPO intends Figma’s grounded $20 cardinal acquisition by competitor Adobe successful 2023 is now conscionable a shoulder-shrug footnote successful nan company’s history.