NYSE:FIG 6 October 2025 - 7 August 2026

Figma, Inc. jumped 11.8% to $21.79 late Thursday, after a Russell index move sparked a big rally in the software name. Shares traded 31% above the stock’s 52-week low but are still down about 34% from last July’s $33 IPO price.

• Figma looked set to open higher in New York after Citi initiated coverage at buy and set a $36 price target.

Figma’s blockbuster IPO in July 2025 briefly turned it into one of Wall Street’s hottest AI design plays. Just a few months later, the stock has given up most of those gains, is facing a high‑profile AI data lawsuit, and remains one of the most hotly debated software names on the market.

Figma’s stock has been on a wild ride since its summer IPO. After pricing at $33/share, FIG opened at $85 and soared to $122 within two trading daysnasdaq.com – a ≈270% jump that briefly valued the UI design software maker near $68 billion. That frothy debut came amid an upbeat tech IPO market, and even U.S. regulators took note: “Figma’s IPO [was] valued at about $68 billion on its first day,” FTC Chair Lina Khan lauded, highlighting it as a victory following the blocked $20 billion Adobe bid for Figmats2.tech. However, gravity hit quickly. FIG gave up those gains in a hurry – plunging 39% in August and another 26.2% in Septembersharewise.com as investors reassessed the lofty valuation. By the end of Q3, Figma was about 60% below its post-IPO high.