Figma Inc., the design software giant, made a record-breaking stock market debut with a 250% surge in its first-day trading session. The company handed over more than $3.5 billion to investors who participated in the initial public offering (IPO). Behind the scenes, Figma’s pursuit of long-term backers contributed to the IPO price being kept low. This has sparked debate about whether the stock was priced too low for its valuation.
Source: https://www.bloomberg.com/news/articles/2025-08-04/figma-s-pursuit-of-long-term-backers-kept-ipo-price-in-check