Figma started buying and selling on the New York Inventory Change on Thursday after a protracted delay. It soared to so rapidly that buying and selling was halted for a short while attributable to market volatility.
The worth is presently bouncing between $101 and $112 with a mid-day market cap of $45 billion, Yahoo Finance studies.
The corporate and current buyers bought shares on the IPO value of $33 per share. Fairly the pop.
There was a lot demand for this inventory that folks on X are posting humorous photos of their orders being fulfilled by Robinhood. As an alternative of getting dozens or a whole bunch 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.
{content material}
Supply: {feed_title}