US Design Stocks Soared 3.8 Trillion Won in Market Cap After 80% Plunge

Figma Inc. (NYSE: FIG) saw its shares surge 21.22% on the New York Stock Exchange, closing at $22.96 on a trading volume of 25.41 million shares. Its market capitalization swelled to about $10.2 billion (roughly KRW 14 trillion), adding some $2.7 billion (around KRW 3.8 trillion) in a single day.

The company is scheduled to report its Q1 2026 earnings after today’s market close, and investors are closely watching its results and forward guidance following a prolonged share-price downturn that began last year. In Q4 2025, Figma delivered revenue growth in the 30% range and surpassed a $1 billion annualized revenue run rate, yet concerns over its post-IPO valuation and intensifying AI competition have driven the stock down by more than 80% from its early peak.

Founded in 2012 by Dylan Field and others, Figma is a cloud-based SaaS provider best known for its browser-based collaborative design platform. It went public on July 31, 2025, at an IPO price of $33—nearly tripling on its first trading day and valuing the company at around $50 billion. Since then, Figma has become an essential tool for UI/UX designers and sustained roughly 40% annual growth. However, amid debates over a valuation bubble, its share price has been adjusted down by more than 80% from its high, making it emblematic of the tug-of-war between growth potential and valuation.