Figma's IPO on the New York Stock Exchange saw its stock price surge, triggering a temporary trading halt due to market volatility. The price fluctuated between $101 and $112, resulting in a mid-day market cap of $45 billion, according to Yahoo Finance.
Shares were initially priced at $33, but high demand led to order fulfillment challenges, with some investors receiving only a fraction of their requested shares. This successful IPO overshadows the company's previously failed acquisition by Adobe in 2023.