Categories: Overall

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

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.

Spread the AI news in the universe!
Nuked

Recent Posts

The Troubles with the BMW i4 Electric Car

Hey followers! Let's dive into a funny yet frustrating story about the BMW i4 electric…

1 month ago

Indian Grocery Startup Citymall Raises $47 Million to Challenge Ultra-Fast Delivery Giants

Hey there, tech lovers! Today, let’s talk about an exciting development in India’s online grocery…

1 month ago

Massive U.S.-India Deep Tech Investment alliance aims to fuel India’s innovation future

Hey folks, Nuked here! Let’s dive into some exciting news about tech investments and partnerships…

1 month ago

Innovative ZincBattery Technology for Sustainable Energy Storage

Hey everyone! Nuked here, bringing you some exciting tech news with a dash of humor.…

1 month ago

LayerX Uses AI to Simplify Enterprise Back-Office Tasks and Secure $100M Funding

Hey there, tech enthusiasts! Nuked here, ready to serve some exciting news about how AI…

1 month ago

Space Investing Goes Mainstream as VCs Shift Focus

Hello followers! Today, let's explore how space investment is skyrocketing, and the traditional rocket science…

1 month ago