Figma’s shares (Fig) increased by 198% on their first day of negotiation in the New York Stock Exchange after the company raised $ 1.2 billion for its initial public offer on Wednesday (IPO).
The firm has a sharing price of $ 33 per share under the ticket “Fig”, which values the company by approximately $ 20 billion. The action changed from hands to $ 98 in initial operations on Thursday, which suggests an assessment closer to $ 60 billion.
Figma, a design software developer, previously revealed the property of approximately $ 70 million in the Bitcoin ETF (BITB) of Bitwise and said it plans to buy another $ 30 million in Bitcoin Spot (BTC).
While Figma is far from being a cryptographic company, the fact that Bitcoin has a tendency for other Silicon Valley offers.
Read more: Bitcoin Bull reflects different types of corporate treasury strategy as prices continue
The company had signed an agreement with Adobe to buy for $ 20 billion, but the software company terminated the agreement in 2023, agreed to pay Figma a termination rate of $ 1 billion.
Figma is the last company to take advantage of an OPI season in which cryptographic companies such as Circle (CRCL) or ETORO (TOR) have seen that the price of their shares and the valuation is fired in the regulatory clarity phase that is being established in the United States
