With competition in AI coding and risk of investor disappointment, is Figma's 46% first quarter revenue growth enough to justify the company's $68 billion valuation?

Design-software company Figma’s stock rocketed 250% above its initial public offering price, and was headed for the largest ever first-day gain, after an IPO had raised more than $500 million.

Design-software firm Figma is teed up as the next blockbuster unicorn IPO, following in the footsteps of Circle and CoreWeave.

D.A. Davidson sees Canva and Databricks as large software companies that could look to take advantage of a hot IPO market and speed up plans to go public.

The company secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped acquisition by Adobe in 2023.

Figma Inc. shares are expected to debut in the $105–$110 range, following the company’s successful $1.2 billion fundraising effort in one of the most closely watched US IPOs this year. That indication represents a possible uptick of as much as 233% above the $33-per-share offering price.