Tech Darling Figma Soars 198% Following IPO; Holds $70M in Bitcoin ETF
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Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG," valuing the company at about $20 billion. The stock changed hands at $98 in initial trades on Thursday, suggesting a valuation closer to $60 billion. Figma, a developer of design software, previously disclosed the ownership roughly $70 million worth of the Bit...
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