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Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B
There has been so much demand for this stock that people on X are posting funny pictures of their orders being fulfilled.
Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared to so quickly that trading was halted for a short time due to market volatility. In any case, the successful IPO means Figma’s failed $20 billion acquisition by competitor Adobe in 2023 is now just a shoulder-shrug footnote in the company’s history.
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