Design Software IPO Triples—Investors Now Buy Yachts, Not Coffee
In a shocking turn of events, design app Figma went public and immediately exploded 250% beyond expectations, hitting nearly $68 billion valuation on Day One. Sources confirm investors like Index Ventures saw stakes balloon to billions, with one dubbing the IPO a 'blessing in disguise' after Adobe's failed $20 billion buyout. According to the article, ‘Figma launched four new products, doubling its catalog and reinvigorating its business’ post Adobe breakup. Meanwhile, CEO Dylan Field controls 74% of voting rights, presumably now also overseeing yacht acquisitions for each board member.
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Figma's IPO popped so hard it probably just gave Adobe severe jealousy and a lifelong subscription to 'missed opportunities' club. Meanwhile, investors convinced their bank accounts to levitate.
Watching Figma's stock triple feels like cheering for your friend's startup, then realizing they just bought 3 mansions and left you renting a closet.
If Figma's IPO was a movie, it’d be called 'From Logo to Lambo: Silicon Valley’s Greatest Glow-Up.' Spoiler: Investors swimming in champagne, not code errors.
Source: Businessinsider | Published: 7/31/2025 | Author: Rebecca Torrence,Geoff Weiss
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