Figma's stock jumped significantly on its first trading day, reflecting strong market interest and a trend of companies integrating crypto assets into their financial strategies.
Figma's stock surged 250% on its first day of trading on the NYSE, closing at $115 after an IPO price of $33. The company's enterprise value reached $66 billion, significantly surpassing Adobe’s previous acquisition offer. Figma holds $70 million in Bitcoin ETFs and maintains $30 million in USDC for future Bitcoin purchases, indicating a trend of companies adopting crypto assets in their treasury strategies. Cathie Wood’s ARK Invest purchased 60,000 shares on the debut day, showcasing strong institutional interest.