The shares of Figma (FIG) increased by 198% on its first day of negotiation on the New York Stock Exchange after the company lifted $ 1.2 billion for its initial public number on Wednesday (IPO).
The company estimated the shares at $ 33 per share under the “FIG” of the Ticker, evaluating the company at around $ 20 billion. The action changed hands at $ 98 in initial exchanges on Thursday, suggesting an assessment closer to $ 60 billion.
Figma, a developer of the design software, previously revealed the property of about $ 70 million in the Bitwise Bitcoin Etf (BitB) and said it planned to buy an additional $ 30 million Bitcoin (BTC).
Although Figma is far from being a crypto company, the fact that it holds Bitcoin could possibly launch a trend for other offers from Silicon Valley.
Read more: Bitcoin Bull reflects on different types of business cash strategy as prices continue
The company had signed an agreement with Adobe to be bought for $ 20 billion, but the software company ended the agreement in 2023, agreeing to pay termination fees of $ 1 billion.
Figma is the last company to take advantage of an introductory season on the hot stock market in which cryptographic companies such as Circle (CRCL) or Etoro (TOR) have seen their stock market course and their assessment soaked in the phase of regulatory clarity established in the United States
