Figma’s 250% IPO Pop Gives It Edge in Creative AI Software Fight

Figma Inc.’s 250% surge in its debut session is the kind of coming-out party every startup dreams of when it goes public.

The finely choreographed process for the $1.2 billion IPO, culminating in a fully diluted valuation of more than $65 billion, also puts rivals on notice that Figma’s ambitions are expanding.

The design and collaboration software company led by Dylan Field, who started the firm in 2012 with a friend from Brown University, soared above the $20 billion mark it would have fetched had a sale to Adobe Inc. not been scrapped in 2023.

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