Figma Option Alert: Jan 16 $95 Puts Sweep (27) near the midpoint: 181 vs 28 OI

Figma Option Alert: Jan 16 $95 Puts Sweep (27) near the midpoint: 181 @ $32.497 vs 28 OI; Ref=$79.2899

Figma (NYSE:FIG) Azioni

Simplify Exchange Traded Funds Simplify Macro Strategy ETF

Fortress Investment Group

Fortress Investment Group LLC

NYSE

Figma Inc focuses on the entire lifecycle of software creation reflects its ability to rapidly bring new products onto Figma's browser-based platform and its belief that design spans far beyond a single step or role. It has been fortunate to play a part in, and benefit from, the growing global movement to elevate design and the craft of building software. The Company derives its revenue from sales of subscriptions for access to its platform.

Figma

Equities

ADBE

GOOG

GOOGL

MSFT

Figma debutta con un&#39;impennata storica, sfidando le previsioni degli esperti. Un caso emblematico del fenomeno che contrasta le attese di mercato.

Il fenomeno &#34;Inverse Cramer&#34; colpisce ancora? Il debutto di Figma è da record

Short Sellers

DNUT

OPEN

Executive tech prevede boom virale per debutto NYSE. Piattaforma design attira interesse Wall Street per potenziale meme stock.

L&#39;IPO da $33 che potrebbe scatenare il prossimo rally virale

Figma Inc

Fidelity Investment Grade Bond ETF

FREEDOM INTERNET GROP INC by Freedom Internet Group Inc.

Freedom Internet Group Inc

FUYAO GLASS IND GROUP H by Fuyao Glass Ind Group Co

Fuyao Glass Industry Group Co Ltd

FUTURE INTL GRP CP by Future International Group Corp.

Forge Group Inc

FIRST NB GROTON NY by First National Bank of Groton (NY) (The)

FIGS Inc

FIGX Capital Acquisition Corp

On Thursday, July 31, design-tech company Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) launched its initial public offering (IPO).
This isn't just any tech company. It's the collaborative platform used by thousands of companies, from startups to heavy hitters like Google and Airbnb, to design everything from websites to cloud-based apps. 
That, on top of Adobe's $20 billion buyout attempt back in 2022, made it one of the most anticipated IPOs in years. Everyone from Wall Street to Silicon Valley had 7/31 circled in their calendars.&nbsp;
And Figma absolutely exploded out of the gate, tripling on day one and racking up over $55 billion in value.
I tried to grab 1,000 shares before the open. What happened next still has me shaking my head.
<h2 class="wp-block-heading">One Chart. One Setup. Big Profit Potential</h2>
In a market filled with noise, our ‘Chart of the Day' delivers pure signal, highlighting high-probability trades based on expert analysis and deep market insights. Get tomorrow's best setup before it moves. Get My Daily Chart <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/?el=ResearchDaily&amp;utm_campaign=commandcenter">HERE</a>
<h2 class="wp-block-heading">The Robinhood Twist</h2>
As a retail trader, getting in on IPOs used to be almost impossible. Wall Street's big banks had it locked down, scooping up shares before most of us could blink. But in 2021, Robinhood launched its IPO Access program, which changed everything.
It gave everyday investors a shot at buying IPO shares before they began trading publicly.
So, when Figma popped up in Robinhood's IPO Access tab, I jumped in. I read the prospectus, punched in a request for 1,000 shares at the maximum price of $33, then waited for the big day.
I got the confirmation email as well, showing $33,000 committed &#8211; but I'd only be charged if I got an allocation.
Then came IPO day.
FIG opened at $85 and ripped even higher. With shares tripling, I was already doing the math in my head, thinking "If I got filled on all 1,000 shares, I'm up over $80,000!"
Except I hadn't yet read the second email from Robinhood.
When I finally opened it, I saw this: "Your request to buy 1,000 shares of FIG was partially filled. You received 1 share at $33."
One. Out of 1,000.
So, what happened? Robinhood uses a random allocation process &#8211; essentially a lottery. It doesn't matter how many shares you request or how big your account is. It uses a fair system. But sometimes, fairness can sting.
Now, in all honesty, Figma's IPO was wildly oversubscribed. Between the massive demand and limited retail allocation, most users received only a handful of shares, if they were lucky enough to get any at all. In fact, I saw a lot of noise on Reddit from angry investors who didn't get any.  
FIG isn't a stock you can just flip, either. Robinhood's policy says if you sell within 30 days, they'll lock you out of future IPOs for 60 days. So, my one lonely share? I'm keeping it as a comedic reminder of what happened – and a good story to laugh about around the dinner table.
But here's where things get interesting.
Even though IPO day is behind us, options trading on FIG is coming soon. And that's where we, as pattern traders, can really dig in.
Thanks to new SEC rules from 2023, options can now be listed as soon as two days after an IPO if volume and other listing requirements are met. At the time of writing, FIG options are now active across multiple platforms, including <a href="https://www.benzinga.com/quote/FIG/option-chain">here on Benzinga</a>.  
But I'm not rushing in. Not yet. Instead, I'll be watching closely for the proper setup to emerge. After all, patterns take time to develop, and when they do, we take advantage of them.
So, even if you didn't get any shares (or you only got one, like me), the opportunity isn't gone. It's only just beginning.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

Opinion

Trading Ideas

I Tried To Buy 1,000 Shares Of The Figma IPO…Here's What Happened

WIIM

Figma shares are trading lower amid continued volatility following its recent IPO.

Index Ventures has emerged as venture capital&#8217;s winner, transforming an $86.5 million investment in Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) into a stake worth nearly $6 billion following the design <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46811170/figma-shares-edge-higher-after-explosive-ipo-debut-despite-valuation-concerns">platform&#8217;s explosive market debut</a>.
<h2 class="wp-block-heading">Index Ventures Beats Silicon Valley Elite</h2>
The European-founded venture firm outperformed industry titans, including Sequoia Capital on multiple high-profile exits. Index generated more returns than Sequoia on both Figma and cybersecurity firm Wiz, <a href="https://www.wsj.com/finance/investing/figma-ipo-index-ventures-6d882d2d">reported</a> The Wall Street Journal, despite Sequoia&#8217;s reputation as Silicon Valley&#8217;s premier venture firm.
Index sold approximately 5% of its Figma holdings at the $33 IPO price, generating $108 million while retaining over 15% ownership post-IPO. The firm&#8217;s stake ballooned when Figma shares surged 250% on their first trading day to $115.50, though shares have since pulled back 27.38% to $88.25, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
<h2 class="wp-block-heading">Multi-Billion Dollar Portfolio Windfall</h2>
Beyond Figma, Index is positioned for massive returns across its portfolio. The firm received over $1.4 billion when Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) acquired a 49% stake in Scale AI. Index&#8217;s stake in Wiz could be worth $4.3 billion if Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) pending $32 billion acquisition closes, according to the report.
These exits could deliver more than $11 billion in proceeds to Index and its limited partners, representing exceptional performance during a challenging venture market environment.
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/08/46839506/trump-inflation-data-bls-imputation-change" target="_blank" rel="noreferrer noopener">Trump Is Playing With Inflation Data, People Say—Here's What We Know</a>
<h2 class="wp-block-heading">Strategic Early-Stage Focus Drives Returns</h2>
Index&#8217;s success stems from leading seed rounds rather than following larger competitors into later-stage deals. The firm led Figma&#8217;s 2013 seed round with $1.8 million after partner Danny Rimer spotted co-founder Dylan Field <a href="https://www.benzinga.com/markets/equities/25/08/46815014/how-this-linkedin-intern-transformed-a-100k-grant-to-68-billion-company">during an intern presentation</a>.
&#8220;It was a high conviction shot by Index,&#8221; said Terrence Rohan, former Index investor and current managing director at Otherwise Fund. Index&#8217;s strategy emphasized board participation and active support over making numerous small bets, according to WSJ.
<h2 class="wp-block-heading">Disciplined Growth Strategy</h2>
Founded in Switzerland in the 1990s, Index raised $2.3 billion across two funds in 2024, less than its 2021 fundraising. This contrasts with aggressive expansion by rivals like Sequoia and Andreessen Horowitz.
&#8220;The performance they&#8217;ve delivered is unbelievable,&#8221; said Miles Dieffenbach, managing director at Carnegie Mellon University and Index limited partner, according to the report. &#8220;They could raise as much capital as they want to and they don&#8217;t.&#8221;
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/m-a/25/08/46848974/openai-palo-alto-softbank-deals-power-2-6-trillion-global-ma-boom-biggest-since-2021-pandemic-peak">OpenAI, Palo Alto, SoftBank Deals Power $2.6 Trillion Global M&amp;A Boom—Biggest Since 2021 Pandemic Peak</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: M.oo / Shutterstock.com

This VC Firm Turned An $86 Million Figma Bet Into $6 Billion Payday—Outperforming Silicon Valley Giants

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$180.00</td>
<td>$26.7K</td>
<td>77.9K</td>
<td>135.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/08/25</td>
<td>$180.00</td>
<td>$31.4K</td>
<td>16.9K</td>
<td>14.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$160.00</td>
<td>$70.4K</td>
<td>5.3K</td>
<td>9.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$215.00</td>
<td>$48.7K</td>
<td>24.4K</td>
<td>5.2K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$110.00</td>
<td>$29.2K</td>
<td>2.1K</td>
<td>5.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/08/25</td>
<td>$61.00</td>
<td>$26.4K</td>
<td>30.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>KVYO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$35.00</td>
<td>$281.7K</td>
<td>147</td>
<td>2.4K</td>
</tr>
<tr>
<td>FIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$35.0K</td>
<td>0</td>
<td>2.0K</td>
</tr>
<tr>
<td>RGTI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$35.00</td>
<td>$101.7K</td>
<td>59</td>
<td>1.9K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$300.00</td>
<td>$27.5K</td>
<td>10.0K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on August 8, 2025. Parties traded 106 contract(s) at a $180.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $252.0 per contract. There were 77968 open contracts at this strike prior to today, and today 135112 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on August 8, 2025. This event was a transfer of 50 contract(s) at a $180.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $629.0 per contract. There were 16906 open contracts at this strike prior to today, and today 14436 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on August 8, 2025. Parties traded 75 contract(s) at a $160.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $70.4K, with a price of $940.0 per contract. There were 5313 open contracts at this strike prior to today, and today 9422 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on September 19, 2025. This event was a transfer of 150 contract(s) at a $215.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $48.7K, with a price of $325.0 per contract. There were 24445 open contracts at this strike prior to today, and today 5232 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on August 8, 2025. Parties traded 250 contract(s) at a $110.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $117.0 per contract. There were 2164 open contracts at this strike prior to today, and today 5012 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on August 8, 2025. Parties traded 100 contract(s) at a $61.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $264.0 per contract. There were 30777 open contracts at this strike prior to today, and today 2747 contract(s) were bought and sold. 
• Regarding KVYO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>), we observe a call option trade with bullish sentiment. It expires in 74 day(s) on October 17, 2025. Parties traded 1565 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $281.7K, with a price of $180.0 per contract. There were 147 open contracts at this strike prior to today, and today 2406 contract(s) were bought and sold. 
• Regarding FIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on August 15, 2025. Parties traded 50 contract(s) at a $110.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $700.0 per contract. There were 0 open contracts at this strike prior to today, and today 2029 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a put option trade with bearish sentiment. It expires in 529 day(s) on January 15, 2027. Parties traded 47 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $101.7K, with a price of $2165.0 per contract. There were 59 open contracts at this strike prior to today, and today 1962 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on September 19, 2025. Parties traded 15 contract(s) at a $300.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $1835.0 per contract. There were 10023 open contracts at this strike prior to today, and today 1039 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

KVYO

NVDA

PLTR

RGTI

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

<h3>Gainers</h3>
<ul>
<li>Verb Technology Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares moved upwards by 146.5% to $23.44 during Monday's regular session. The market value of their outstanding shares is at $13.4 million. </li>
<li>CommScope Holding Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) shares rose 91.52% to $14.92. The company's market cap stands at $1.6 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) stock increased by 36.38% to $17.73. The market value of their outstanding shares is at $779.7 million. As per the press release, Q2 earnings came out today. </li>
<li>Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) stock increased by 23.85% to $20.54. The market value of their outstanding shares is at $2.2 billion. </li>
<li>Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) shares rose 19.54% to $2.63. The market value of their outstanding shares is at $395.0 million. </li>
<li>Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) shares rose 15.5% to $5.47. The company's market cap stands at $38.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Figma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) stock declined by 22.5% to $94.61 during Monday's regular session. The market value of their outstanding shares is at $59.4 billion. </li>
<li>VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) shares declined by 14.48% to $1.03. The market value of their outstanding shares is at $15.0 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock declined by 12.16% to $2.53. The market value of their outstanding shares is at $73.2 million. As per the press release, Q2 earnings came out 2 days ago. </li>
<li>ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) stock declined by 11.74% to $50.15. The company's market cap stands at $23.7 billion. As per the news, the Q2 earnings report came out today. </li>
<li>SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) shares declined by 10.25% to $1.49. The market value of their outstanding shares is at $13.6 million. </li>
<li>RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) shares decreased by 10.07% to $7.11. The company's market cap stands at $84.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

COMM

LEDS

LIDR

ONDS

RFIL

VERB

VRME

VSAT

ZEPP

12 Information Technology Stocks Moving In Monday's Intraday Session

<ul>
<li>UNH</li>
<li>PLTR</li>
<li>TSLA</li>
<li>GLD</li>
<li>BULL</li>
<li>NVDA</li>
<li>AMD</li>
<li>FIG</li>
<li>TMC</li>
<li>AMZN</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AMZN

BULL

TSLA

Top 10 Trending Stocks On WallStreetBets As Of Aug. 4, 2025 (Via Swaggy Stocks)

Figma shares are trading lower. The stock may be reversing after experiencing some momentum following its IPO last week.

Dylan Field, co-founder of Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>), witnessed his company's remarkable debut on the New York Stock Exchange on Thursday, marking the largest U.S. venture-capital-backed tech IPO in four years.
Check out the current price of <a href="https://benzinga.com/quote/FIG">FIG stock here</a>.
What Happened: Figma&#8217;s IPO closed at $115.50, instantly elevating its valuation to nearly $68 billion. This figure is over three times the $20 billion acquisition offer from Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) that fell through two years ago.
However, long before the Adobe bid, Field started with an idea along with co-founder Evan Wallace, who was a teaching assistant at Brown University. What started out as a college project would go on to become a multi-billion-dollar company a decade later.
Armed with an idea to explore the possibilities of new browser technologies, Field bagged the prestigious Thiel Fellowship in 2012 to create what is now Figma, along with Wallace, <a href="https://www.figma.com/blog/design-meet-the-internet/">according</a> to the company.
Field, 33, embraced technology early on in his life – he learned how to use a computer at age three, and later on, went to a Rhode Island Ivy League school. He also worked as a research assistant for nine months at Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), a four-month internship at LinkedIn, and two internships at Flipboard.
Figma's stock soared by 250% on its first day, achieving the largest first-day surge for a billion-dollar tech IPO. This event solidified Figma&#8217;s role as a key player in the tech IPO market. The intense demand led to limited share availability for many investors, and trading was temporarily halted due to volatility.
Subscribe to the<a href="https://bztechtrends.beehiiv.com/subscribe"> Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The explosive debut of Figma on the stock market has sparked significant interest and discussion among investors and analysts. <a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">Jim Cramer</a> had <a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">previously warned</a> that Figma&#8217;s valuation was &#8220;too expensive&#8221; at 50 times sales, yet the stock defied these concerns, surging 250% on its first day. This highlights the intense demand and investor confidence in Figma&#8217;s potential.
Additionally, <a href="https://www.benzinga.com/markets/equities/25/07/46748648/figma-could-become-a-meme-stock-beyond-all-comprehension-warns-elon-musks-x-product-head-nikita-bier">Nikita Bier</a>, Head of Product at Elon Musk&#8217;s social media platform X, <a href="https://www.benzinga.com/markets/equities/25/07/46748648/figma-could-become-a-meme-stock-beyond-all-comprehension-warns-elon-musks-x-product-head-nikita-bier">predicted that Figma</a> could become a &#8220;meme stock beyond all comprehension.&#8221; This prediction underscores the growing influence of social sentiment analytics in trading strategies.
Despite valuation concerns, Figma&#8217;s shares continued to attract attention, briefly reaching $143.45 in after-hours trading before <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46811170/figma-shares-edge-higher-after-explosive-ipo-debut-despite-valuation-concerns">pulling back</a>. This ongoing interest in Figma reflects the company&#8217;s strong market position and the potential for future growth.
Check out more of Benzinga&#8217;s Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: M.oo / Shutterstock.com

How This LinkedIn Intern Transformed A $100K Grant To $68 Billion Company

Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) shares traded higher Friday, continuing to draw investor attention after a volatile debut session on Thursday that saw the stock surge over 250% <a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">following its initial public offering. </a>
What To Know: The stock briefly reached $143.45 in after-hours trading before pulling back.
Figma priced its IPO at $33 per share, raising approximately $1.2 billion and valuing the company at over $19 billion. The offering consisted of nearly 37 million shares and was priced above an already upwardly revised range. Despite sharp gains on day one, Friday&#8217;s trading showed signs of cooling momentum as shares gave up part of their early advance.
Investor interest in Figma is being fueled by strong revenue growth and widespread enterprise adoption. The company reported $749 million in revenue for 2024, up 48% year-over-year and $228.2 million in first-quarter 2025, representing 46% growth from the year prior. Figma counts 95% of Fortune 500 companies and major tech clients such as Microsoft, Alphabet and Salesforce among its customers. It ended 2024 with a net dollar retention rate of 134%.
Still, not everyone is convinced by the valuation. 
CNBC host Jim Cramer repeatedly warned on social media that Figma was "way too expensive," trading at nearly 54 times sales based on a 40% growth rate. He advised investors to avoid placing market orders and predicted a pullback, calling it one of the most expensive stocks in the market.
Despite those warnings, the IPO defied expectations, reinforcing investor appetite for high-growth tech names amid renewed optimism in the broader tech sector. 
Figma's debut follows the collapse of a $20 billion acquisition deal by Adobe, which was scrapped due to regulatory pressure. Now trading independently, Figma has quickly become one of the most closely watched post-IPO stocks, with some market watchers suggesting it could take on meme stock status in the coming weeks.
Friday afternoon, the stock appeared to be stabilizing after its initial surge, trading modestly higher but far below its first-day peak.
FIG Price Action: Figma shares closed Friday up 5.63% at $122, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
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Image Via Shutterstock.

News

Figma Shares Edge Higher After Explosive IPO Debut, Despite Valuation Concerns

FIG stock has given up its prior gain. Figma shares were trading higher on momentum following Thursday's IPO.

<ul>
<li>UNH</li>
<li>AMZN</li>
<li>FIG</li>
<li>GLD</li>
<li>NVDA</li>
<li>RDDT</li>
<li>AAPL</li>
<li>TSLA</li>
<li>AMD</li>
<li>META</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

RDDT

Top 10 Trending Stocks On WallStreetBets As Of Aug. 1, 2025 (Via Swaggy Stocks)

FIG: 28% &#x7C; <a href="https://www.benzinga.com/node/46788537">Figma shares are trading higher on momentum following Thursday's IPO.</a>
&nbsp;
COIN: -11% &#x7C; <a href="https://www.benzinga.com/node/46788216">Coinbase shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS and sales.</a>
&nbsp;
FDMT: 57% &#x7C; <a href="https://www.benzinga.com/node/46775309">4DMT Presents Results Of 4D-150 SPECTRA Clinical Trial In DME And Regulatory Update</a>

COIN

FDMT

Market-Moving News for August 1st

Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose in pre-market trading as the company posted <a href="https://www.benzinga.com/markets/earnings/25/07/46776239/apple-q3-earnings-revenue-eps-smash-estimates-as-iphone-sales-jump-active-installed-base-reaches-new-highs">stronger-than-expected third-quarter results.</a>
The iPhone maker reported fiscal third-quarter revenue of $94 billion, beating analyst estimates of $89.04 billion by 5.6%. Earnings per share came in at $1.57, surpassing the consensus estimate of $1.42 per share, according to Benzinga Pro data.
Apple shares jumped 1.5% to $210.62 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Namib Minerals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMM#NASDAQ">NAMM</a>) shares gained 113.4% to $8.45 in pre-market trading.</li>
<li>4D Molecular Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) climbed 36.4% to $6.14 in pre-market trading after the company announced results from its 4D-150 SPECTRA clinical trial.</li>
<li>Erayak Power Solution Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) rose 31.4% to $0.0783 in pre-market trading. Erayak Power Solution Group shares fell 54% on Thursday after the company announced a $7 million registered direct offering.</li>
<li>Marwynn Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MWYN#NASDAQ">MWYN</a>) shares jumped 21.2% to $1.09 in pre-market trading after falling 8% on Thursday.</li>
<li>CCC Intelligent Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCS#NASDAQ">CCCS</a>) surged 17.9% to $11.40 in pre-market trading after the company reported better-than-expected second-quarter financial results.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 15.4% to $185.95 in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.</li>
<li>Figma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) rose 13.4% to $133.30 in pre-market trading on momentum following Thursday&#8217;s IPO.</li>
<li>Cooper-Standard Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPS#NYSE">CPS</a>) rose 12.4% to $27.16 in pre-market trading after the company reported better-than-expected quarterly financial results and issued FY25 sales guidance above estimates.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) gained 8.2% to $0.6508 in pre-market trading after dipping 23% on Thursday. Salarius Pharmaceuticals recently announced it has been granted a Nasdaq extension to regain compliance with its minimum bid price requirements.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) dipped 38.1% to $0.3600 in pre-market trading after falling 14% on Thursday.</li>
<li>Incannex Healthcare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IXHL#NASDAQ">IXHL</a>) declined 26.6% to $0.4300 in pre-market trading after dipping 34% on Thursday. The company reported Phase 2 results for IHL-42X.</li>
<li>Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) fell 23.1% to $43.70 in pre-market trading after the company reported second-quarter results below estimates and lowered its FY25 adjusted EPS guidance.</li>
<li>VerifyMe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) dipped 23% to $1.07 in pre-market trading. VerifyMe shares jumped over 102% on Thursday after the company announced it entered into a 3-year UPS Digital Channel Program Agreement with the United Parcel Service.</li>
<li>Smart Powerr Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) fell 19.2% to $1.33 in pre-market trading after dipping over 12% on Thursday. Smart Powerr recently announced a 1-for-10 reverse split.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) declined 16.8% to $11.15 in pre-market trading after the company released its quarterly financial results.</li>
<li>Pop Culture Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) shares tumbled 16.1% to $1.35 in pre-market trading after jumping 130% on Thursday.</li>
<li>Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) fell 15.5% to $46.39 in pre-market trading following the release of its second-quarter financial results.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) shares fell 15% to $31.82 in pre-market trading following the release of its quarterly financial results.</li>
<li>Coinbase Global, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell 11.2% to $335.62 in pre-market trading after the company reported worse-than-expected quarterly adjusted EPS and sales.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/dividends/25/07/46757288/wall-streets-most-accurate-analysts-spotlight-on-3-financial-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Markets

CCCS

CPOP

CREG

ENVX

INOD

IXHL

MWYN

NAMM

RAYA

SGBX

SLRX

Why Apple Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Figma shares are trading higher on momentum following Thursday's IPO.

Design platform Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) defied Jim Cramer&#8217;s warnings about its valuation, surging 250% to $115.50 on its market debut on Thursday after pricing its IPO at $33 per share on Wednesday evening.
<h2 class="wp-block-heading">Cramer Warns of Overvaluation</h2>
Hours before trading began, CNBC host Cramer posted multiple warnings on social media, calling Figma &#8220;way too expensive&#8221; at 54 times sales, assuming a 40% growth rate. He urged investors to &#8220;pull&#8221; market orders, predicting they could &#8220;get it lower.&#8221;
&#8220;If you are putting in a market order from Figma you should pull it now. You will get it lower. It is near 50x sales!!!!&#8221; Cramer posted 17 hours before market open.
The Mad Money host later acknowledged the stock remained &#8220;too high&#8221; but noted investors were &#8220;getting too excited and paying these prices.&#8221;
The surge aligns with the &#8220;Inverse Cramer&#8221; phenomenon, where stocks often move opposite to Cramer&#8217;s predictions. The Inverse Cramer Tracker ETF (SJIM) was liquidated in February 2024 after tracking this pattern, with creator Matthew Tuttle stating the fund accomplished its mission of highlighting &#8220;the danger of following TV stockpickers.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you are putting in a market order from Figma you should pull it now. You will get it lower .It is near 50x sales!!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1950945696724480105?ref_src=twsrc%5Etfw">July 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The history of paying up like this is not very good&#8230;.FIG
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1950969498275815852?ref_src=twsrc%5Etfw">July 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Figma still too high, but i can see people getting too excited and paying these prices&#8230; but it is way too expensive,assuming 40% growth rate &#8212; 54 x sales. One of most expensive stocks in the market, Second only to Palantir?
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1950980492863451338?ref_src=twsrc%5Etfw">July 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Strong IPO Performance Despite Concerns</h2>
Figma raised approximately $411 million by offering 36.9 million Class A shares at $33 each. The San Francisco-based company&#8217;s shares opened dramatically higher, reaching $143.45 in after-hours trading — a 24.2% additional gain.
Morgan Stanley, Goldman Sachs Group Inc., Allen &amp; Company LLC and JPMorgan Chase &amp; Co. served as joint lead book-running managers.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46781140/tim-cook-says-apple-is-very-open-to-ai-acquisitions-amid-mounting-pressure-to-catch-up-with-google-meta-and-microsoft">Tim Cook Says Apple Is &#8216;Very Open&#8217; To AI Acquisitions Amid Mounting Pressure To Catch Up With Google, Meta And Microsoft</a>
<h2 class="wp-block-heading">Solid Fundamentals Drive Investor Interest</h2>
The collaborative design platform reported $749 million in revenue for 2024, marking 48% year-over-year growth. First quarter 2025 revenue reached $228.2 million, up 46% from the prior year period.
Figma serves 95% of Fortune 500 companies and 78% of <a href="https://www.benzinga.com/markets/ipos/25/07/46212893/figma-targets-wall-street-debut-after-20-billion-adobe-deal-collapse">Forbes Global 2000 firms</a>. Major clients include Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>). The company&#8217;s Net Dollar Retention Rate was 134% at year-end 2024.
<h2 class="wp-block-heading">Meme Stock Potential Predicted</h2>
Nikita Bier, Head of Product at Elon Musk&#8216;s X platform, predicted Figma &#8220;is going to be a meme stock beyond all comprehension&#8221; <a href="https://www.benzinga.com/markets/equities/25/07/46748648/figma-could-become-a-meme-stock-beyond-all-comprehension-warns-elon-musks-x-product-head-nikita-bier">ahead of the IPO</a>. Research <a href="https://www.benzinga.com/markets/penny-stocks/25/07/46681079/wall-street-is-getting-in-on-meme-stock-action-40-of-hedge-funds-now-use-social-sentiment-tools-hire-social-media-savvy-analysts">shows 40% of hedge funds</a> now use social sentiment analytics for trading strategies in 2025, compared to 10% three years ago.
The IPO follows the collapsed $20 billion acquisition by Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) due to regulatory concerns. 
Price Action: Figma is trading higher in Friday's premarket session, up 12.03% to $131.74, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/08/46783783/redditors-100-chatgpt-day-trading-experiment-trounces-two-benchmark-indexes-with-24-returns-heres-how-it-pulled-it-off">Redditor&#8217;s $100 ChatGPT Day-Trading Experiment Trounces Two Benchmark Indexes With 24% Returns — Here&#8217;s How It Pulled It Off</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: M.oo / Shutterstock.com

Jim Cramer Calls Figma 'Too Expensive' At 50x Sales — Stock Surges 250% On Market Debut

Figma Shares Resume Trade

Figma Shares Halted On Circuit Breaker To The Upside At $112.77/Share

IPOs

Figma IPO Opens For Trade At $90/Share; IPO Priced At $33/Share On 36,937,080 Shares

Rumors

Figma IPO Price Indicating $85.30-$85.40/Share On 4.7M Shares; IPO Priced At $33/Share On 36,937,080 Shares

Figma IPO Price Indicating $95-$100/Share; IPO Priced At $33/Share On 36,937,080 Shares

Press Releases

Simplify Provides Estimated Capital Gain Distribution Information for 2024

Simplify Announces Four ETF Closures

Figma Announces Pricing of Initial Public Offering

NYSE Content Advisory: Pre-market update + Figma valued at over $19 billion in IPO

Comments

Figma

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