Figma's NYSE Debut Soars 250%; ARK Invest Buys 60,000 Shares
Figma's Impressive Market Debut
Figma, the collaborative design platform, experienced a remarkable NYSE debut Thursday, with its stock price soaring 250% to close at $115. The IPO was initially priced at $33. Following the close, the stock continued to climb, jumping an additional 24% to $143 in after-hours trading, according to Yahoo Finance data.
The company, which holds $70 million in Bitcoin ETFs, achieved an enterprise value of $66 billion at market close. This valuation significantly exceeds the proposed acquisition price in Adobe’s failed 2022 takeover attempt, which was blocked by European regulators.
ARK Invest's Strategic Investment
According to StockMKTNewz, Cathie Wood’s ARK Invest made a notable move by purchasing 60,000 shares of Figma on its first day of trading.
Cathie Wood and Ark Invest bought 60,000 of Figma $FIG today pic.twitter.com/zi0CcIkMC1
— Evan (@StockMKTNewz) August 1, 2025
IPO Market Revival
Figma is among several companies that have gone public in 2025, signaling a resurgence in IPO activity under the Trump administration. This renewed market enthusiasm is attracting significant investor interest.
Circle's Strong Performance and Crypto Integration
Prior to Figma, crypto-native firm Circle Internet Group, the company behind the second-largest stablecoin, USDC, also made a splash on the NYSE. Shares of Circle (CRCL) soared as high as $123 in their first week. Circle closed at $183 today, reflecting a 3% decrease.
In its SEC IPO filing, Figma disclosed that it holds $30 million in USDC stablecoins earmarked for future Bitcoin purchases. This move highlights a growing trend of companies integrating crypto assets into their treasury strategies.
Key Takeaways
- Figma stock jumped 250% on its first day, closing at $115.
- Figma’s IPO is part of a wave of public listings amid renewed market activity under the Trump administration.
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