Figma started buying and selling on the New York Inventory Alternate on Thursday after a protracted delay. It soared to so rapidly that buying and selling was halted for a short while on account of market volatility.
The value is at the moment bouncing between $101 and $112 with a mid-day market cap of $45 billion, Yahoo Finance stories.
The corporate and present buyers offered shares on the IPO worth of $33 per share. Fairly the pop.
There was a lot demand for this inventory that individuals on X are posting funny photos of their orders being fulfilled by Robinhood. As a substitute of getting dozens or a whole lot of shares as requested, they’re being allotted one solitary share, they are saying. (One individual bragged about getting 17 shares.)
In any case, the profitable IPO means Figma’s failed $20 billion acquisition by competitor Adobe in 2023 is now only a shoulder-shrug footnote within the firm’s historical past.