Figma and selling shareholders raised $1.2 billion in the IPO. They could have pocketed much more had the initial shares, priced at $33 apiece, been priced higher.

Design-software company Figma’s stock rocketed 250% above its initial public offering price, and was headed for the largest ever first-day gain, after an IPO had raised more than $500 million.

Interface design software company Figma made a stellar debut on the public markets on Thursday, with its stock soaring more than 3x its IPO price of $33 to close at $115.50 per share.

Figma, which makes a design platform, was on the verge of a big payday before regulators quashed the sale. On Thursday, it went public, with its stock ending the day up 250 percent.

Figma saw the biggest first-day gain for a U.S. IPO valued at over $1 billion in nearly 30 years. So what could go wrong from here?

Design software company Figma has filed for an IPO, which is expected to raise up to $1.5 billion.

A number of traders on Robinhood complained on Thursday that they were given only one share of Figma after the company's blockbuster IPO.

Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh ...