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Figma's stock soars in its highly anticipated IPO, market cap instantly hits $45B

1. Figma began trading on NYSE after delays, causing immediate market volatility. 2. Stock price fluctuates between $101 and $112, with a $45 billion market cap. 3. IPO shares were sold at $33, demonstrating significant investor demand. 4. High demand led to amusing user experiences with share allocations on Robinhood. 5. Successful IPO marks a shift from Figma's failed Adobe acquisition narrative.

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FAQ

Why Very Bullish?

Figma's strong IPO performance indicates high market interest and investor confidence.

How important is it?

The article highlights Figma's IPO success, significantly influencing its price trajectory.

Why Short Term?

Initial investor enthusiasm typically influences stock price immediately post-IPO.

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