Figma's IPO surged over 250%, closing at over $117 per share, raising over $1.2 billion. This surpasses the projected range and makes CEO Dylan Field a billionaire. The company's market value now exceeds Adobe's prior acquisition offer, which was blocked by regulators. The IPO also saw significant sales of shares by venture capitalists. Figma's success is seen as a positive sign for the IPO market.

Prepared by Christopher Adams and reviewed by editorial team.