Figma explodes 250% in NYSE debut; Cathie Wood’s ARK grabs 60,000 shares

Figma, the collaborative design platform, soared 250% in its NYSE debut Thursday, closing at $115 after pricing its IPO at $33. The stock climbed another 24% to $143 in after-hours trading, Yahoo Finance data shows.

The company, which holds $70 million in Bitcoin ETFs, reached an enterprise value of $66 billion at market close, exceeding three times the proposed acquisition price in Adobe’s failed 2022 takeover attempt, which was blocked by European regulators.

According to StockMKTNewz, Cathie Wood’s ARK Invest purchased 60,000 shares of Figma on its debut day.

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Figma joins other companies going public in 2025 amid a revival in IPO activity under the Trump administration.

Prior to Figma, crypto-native firm Circle Internet Group, the company behind the second-largest stablecoin, USDC, also made a splash on the NYSE, with shares (CRCL) soaring as high as $123 in their first week. Circle closed at $183 today, down 3%.

In its SEC IPO filing, Figma revealed it maintains $30 million in USDC stablecoins earmarked for future Bitcoin purchases. The company’s Bitcoin exposure showcases a growing trend of companies incorporating crypto assets into their treasury strategies.