Figma shares surge 250% after US IPO, worth thrice more than what Adobe was offering
Figma shares rose 250% after the software maker launched its IPO in US, nearly tripling their value from the IPO price of $33 to Thursday's closing price of $115.50. Figma is now valued at $68 billion, over thrice more than what Adobe was offering to buy the company in 2023. According to reports, four VCs now own $24-billion Figma stock.