Figma’s 250% IPO Pop Gives It Edge in Creative AI Software Fight

Figma Inc.’s 250% surge in its debut session is the kind of coming-out party every startup dreams of when it goes public.

The finely choreographed process for the $1.2 billion IPO, culminating in a fully diluted valuation of more than $65 billion, also puts rivals on notice that Figma’s ambitions are expanding.