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The software company’s splashy offering adds fuel to an IPO comeback already under way.

Figma's stock opened at $85.00 a share, or 157.6% above the $33 IPO price, at 1:58 p.m. Eastern. It has rallied even further since then, and traded as high as $124.63 intraday - 277.7% above the IPO ...

Figma, a design software maker that made its debut on the New York Stock Exchange Thursday, is off to a strong start as a publicly traded company.

At $100 per share, Figma would be valued at a roughly a $58.5 billion market cap, based on its IPO pricing shares at $33 and a $19.3 billion market cap. Figma also recently disclosed in preliminary ...

Figma's IPO stands out as a "bellwether event for the tech sector," said Derek Hernandez of PitchBook Data, adding that the company is a "generational software-as-a-service company that has achieved a ...