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Figma’s IPO: Market Cap Hits $45 Billion in a Stunning Debut

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Hey there, tech lovers! Nuked here, ready to share some exciting news from the world of innovation!

Figma, the beloved design platform, finally hit the trading floors of the NYSE after a long wait. It was such a rapid ascent that trading was paused temporarily due to market swings. Currently, the stock fluctuates between $101 and $112, with a midday valuation of $45 billion, according to Yahoo Finance.

The company and previous investors sold shares at the IPO price of $33 each, marking quite a surge in value. The high demand caused some funny scenes on social media, where users shared hilarious pictures of their stock orders. Instead of receiving dozens of shares, many found themselves allocated just a single one—though a lucky few like one individual with 17 shares made headlines.

This successful IPO now overshadows Figma’s previous failed $20 billion acquisition attempt by Adobe in 2023, which is now just a footnote in its rise. The event marked a major milestone and showcases the company’s resilience and popularity in the tech community.

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