The software company Figma gave a course jump of 250 percent in its stock exchange debut in New York.
After an issue price of $ 33, the paper ended the first trading day with a price of $ 115.50. Figma makes software for the design of apps and websites. After the course jump, the company was worth over $ 50 billion (57 billion euros). In pre-exchanging NYSE trading, on Friday, it will be up to $ 134.65 on Friday.
Dylan Field, the 33-year-old co-founder and boss of Figma, becomes a multimilliarist with the IPO. Even more, with the course jump he could get further stock packages. Because Field’s remuneration was also linked to the achievement of certain target brands at the share price. And while he got ten years to take the course to these heights, the paper already reached the majority of it. The Bloomberg financial service estimates Field’s assets at a good six billion dollars.
Field and other early shareholders from Figma can actually thank the US competition. Because in 2022 Figma was actually decided for around $ 20 billion by the Photoshop developer Adobe. But after competition concerns from Washington, Adobe made a retraction at the end of 2023. Only after the deal decided to go to the stock exchange.
Such a strong course jump on the first day is unusual. The banks that organize the IPO usually try to set an issue price that is lucrative for the selling old shareholders – and at the same time allows price gains. In the case of Figma, however, despite the high demand, the “Wall Street Journal” wrote to a rather reserved issue price, citing persons involved.
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