Figma (FIG) surges 7.2% after hours, adding $700M in one session

Figma opened the regular session at $21.32 and pushed to $22.87 by the close of after-hours trading, a gain of roughly 7.2% in a single day. That move added approximately $700 million to a market cap that stood at $10.4 billion, a meaningful shift for a design software company still establishing itself as a public stock.

The after-hours chart tells a steady story: prices held well above the open for most of the extended session, then stepped higher in the final stretch to reach as high as $23.02 before settling near $22.87. That kind of gradual, sustained climb rather than a sharp spike and fade suggests the buying pressure was not simply a knee-jerk reaction.

For a stock in its post-IPO phase, a move of this magnitude carries extra weight. Early trading ranges tend to anchor how institutional investors size positions and set price targets, so a session that resets the high end of that range matters more than it would for a seasoned large-cap name.

The session's gain also signals that investors are paying close attention to every data point Figma produces at this stage of its public life. A $700 million single-day increase in market value is a reminder of how quickly sentiment can shift when a young public company starts to build credibility with the market.