Figma's stock surged over 250% during its debut on the NYSE, reaching a closing price of $115.50 after an initial offering price of $33. This strong performance signals a revival in the tech IPO market, following a downturn caused by rising inflation and interest rates, and comes after a failed acquisition by Adobe due to regulatory concerns.

Figma has filed for an initial public offering (IPO), marking a significant step for the design software company as it seeks to expand and capitalize on its growth in the market. The filing indicates the company's strong performance and interest from investors in the tech sector.

Recent tech IPOs, including those of Bullish, Figma, and Circle, have seen significant gains, signaling a resurgence in the public offering market following years of stagnation. With increased investor confidence and a backlog of high-valued startups, industry leaders predict a continued wave of IPOs despite ongoing regulatory concerns from the Biden administration. Experts warn, however, that the current enthusiasm may lead to unsustainable valuations reminiscent of the dot-com bubble.