Latest news with #FigmaInc
Bloomberg
a day ago
- Business
- Bloomberg
Figma's $21 Billion Drop Returns Stock to Earth After IPO Frenzy
Figma Inc. has taken investors who pounced on the year's hottest initial public offering for a wild ride, shedding $21 billion from a peak in the days following its record-breaking IPO. The San Francisco-based company's shares have been trading on-and-off all week below the $85 level, where they opened on July 31, their first day in the market. Despite modest rebounds, the design software firm's stock has given back much of the increase that briefly mesmerized Wall Street.
Yahoo
4 days ago
- Business
- Yahoo
Figma (FIG) Drops 27% on Profit-Taking
We recently published . Figma, Inc. (NYSE:FIG) is one of the companies that stood stronger last week. Figma fell by 27.38 percent on Monday to close at $88.6 apiece as investors resorted to profit-taking to take advantage of the two consecutive days of surge. Figma, Inc. (NYSE:FIG) is a newly listed company, having debuted on the stock market only last Thursday. The company initially planned to raise $1.2 billion from its initial public offering through the sale of nearly 37 million shares, comprised of 12.5 million new shares from the company and 24.5 million existing shares owned by certain shareholders. In addition, some selling stockholders granted the underwriters a 30-day option to purchase up to an additional 5.5 million shares. The IPO followed a terminated merger deal agreement with Adobe in 2023, under which the latter would have acquired the newly listed company for a mix of stock and cash consideration. Although both parties believed in the merits and benefits of the merger, Adobe and Figma, Inc. (NYSE:FIG) mutually agreed to terminate the transaction based on a joint assessment that there was no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority. While we acknowledge the potential of FIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer Calls Out Figma Valuation as Detached From Fundamentals
Figma, Inc. (NYSE:FIG) is one of the stocks that Jim Cramer spoke about. Jim Cramer blamed the company for the market going down, as he remarked: 'Valuation matters. Sure, you can pay whatever you want for a stock. You, it's personally you. You don't have to tell anybody, but the price you pay does ultimately matter to your bank account, especially if you're one of the people who got in on the initial public offering of Figma, the digital design company, which priced its IPO at $33 today. Then saw it open for trading at $85 and finished the day at $115 and change. Did you take some off? Did you ring the register, or did you just let it ride? Image by Sergei Tokmakov, Esq. from Pixabay Figma (NYSE:FIG) provides a collaborative design platform with tools for UI design, prototyping, team alignment, and developer handoff. The company's offerings include features for presentations, brand assets, AI-driven prototyping, and website publishing. While we acknowledge the potential of CMG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 登入存取你的投資組合
Bloomberg
6 days ago
- Business
- Bloomberg
Figma's Pursuit of Long-Term Backers Kept IPO Price in Check
Figma Inc. 's record-breaking debut gains are cooling, but they have still handed a windfall to investors including the select institutions that were able to get their hands on the IPO shares, sparking debate over whether the stock was priced too low. Behind the scenes, the desire to court long-term investors influenced the outcome. The stock's 250% jump in its debut session — the biggest ever first-day pop from a $1 billion-plus US IPO — meant the company and the selling shareholders effectively handed over more than $3.5 billion of value to investors that were able to get shares.
Economic Times
02-08-2025
- Business
- Economic Times
Listing or blitzing?! Figma stock soars 250% higher on Day 1 on Wall Street
Figma Inc. witnessed a remarkable 250% surge on its IPO debut, marking the largest first-day increase for a US-traded company exceeding $1 billion in three decades. Despite subsequent volatility, its market value soared to $61.5 billion, surpassing expectations from its abandoned Adobe merger. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads AI-based Product Tired of too many ads? Remove Ads Figma Inc stock jumped 250% on Thursday in the largest first-day pop in at least three decades for a US-traded company raising more than $1 billion. They turned volatile on their second trading day, rising as much as 333% above the initial public offering (IPO) price, before paring San Francisco-based company's stock traded at $126 each, as of press time, versus the IPO price of $33 per trading gives Figma a market value of $61.5 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for chief executive Dylan Field, which are subject to vesting conditions, the fully diluted value is roughly more than $73 well in excess of the $20-billion mark it would have reached in a now-scrapped merger with Adobe shares offered in Figma's IPO were ultimately more than 40 times oversubscribed, with more than half of the orders receiving no stock, people familiar with the matter have IPO made billions of dollars for its largest venture capital investors too. The company's biggest VC backer, Index Ventures, invested nearly $100 million in the company when it was a startup. By the end of trading Wednesday, Index's stake in Figma was worth $7.23 backer Greylock Partners led the company's Series A funding round in 2015, when it was valued at 20 cents per share. It has made investments of about $50 million into Figma, according to a person familiar with the deal. Its stake was worth $2.03 billion stake at the time of the IPO - representing a multiple of more than 40 times what the firm invested, the person said. Greylock's stake, excluding shares sold, climbed on Thursday to about $6.75 firms reaping multibillion-dollar gains are joined by other big-name include Kleiner Perkins and Sequoia Capital, both of which bet on the company when it was still an upstart. The windfalls are particularly significant for the VC industry, which has until recently endured a long drought in the IPO markets. The offering is being seen as a potential catalyst for other startups after a three-year freeze in the tech listings is used to design web and mobile application interfaces. It charges clients based on the number of users and the kind of seat those users firm, which has highlighted its focus on AI, has also benefited from Wall Street's enthusiasm for the technology. The boom fuelled a sharp rally in tech stocks over the past year and drove up valuations and investor demand for companies seen as central to the AI ecosystem."In order for application software companies to remain relevant and provide value to end users, they will need to implement GenAI capabilities which represents a potential catalyst for adoption and increased usage of Figma," said Gil Luria, analyst at DA Davidson, in a had net income of $44.9 million and revenue of $228 million in the three-month period ended March 31, according to its filings. It reported revenue growth in 2024, though rising operating expenses contributed to a net loss of $732 million for the a maker of software for creative professionals, walked away from the deal to buy Figma following clashes with regulators. It paid a $1 billion termination fee.
