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Figma just sold for $2.3 billion -- almost double the amount of funding they actually raised.
The initial public offering ( IPO ) is priced at $33 per share. The target opening price is $95.
This is not "market excitement". Instead, it is investment banks deliberately lowering prices to sell stocks cheaply to institutional accomplices, thereby legitimizing theft. Retail investors enter at the opening, being used as exit liquidity.