Figma Stock’s Wild Ride – IPO Frenzy, 50% Plunge, and a ChatGPT-Fueled Comeback (Oct 2025 Update)
Stock Performance & Market Activity Figma’s stock has experienced extreme swings since its July 2025 IPO. The IPO itself was euphoric – priced at $33 per share, FIG opened at $85 and shot up to $122 within two daysts2.tech. This ~270% surge reflected intense optimism for Figma’s collaborative design software and came amid an upbeat tech IPO market. Even U.S. regulators took note: FTC Chair Lina Khan highlighted Figma’s $68 billion first-day valuation as validation for blocking Adobe’s bid, seeing Figma as a thriving independent competitorts2.tech. However, gravity hit quickly. After the debut frenzy, investors reassessed Figma’s frothy valuation (which exceeded 200× forward earnings at the peakts2.tech). FIG shares plummeted