Resolution criteria

This market will resolve to "Yes" if Figma's stock (ticker symbol: FIG) closes at a price higher than its opening price on its first day of public trading. Conversely, it will resolve to "No" if the closing price is equal to or lower than the opening price. The opening and closing prices will be determined based on official data from the New York Stock Exchange (NYSE) on the first trading day.

Background

Figma, a collaborative design software company, has filed for an initial public offering (IPO) and plans to list its Class A common stock on the NYSE under the ticker symbol "FIG." The company has increased its expected IPO price range to between $30 and $32 per share, aiming for a valuation of approximately $18.8 billion. (figma.com)

Considerations

Investors should be aware that IPOs can be volatile, and first-day trading prices may fluctuate significantly. Factors such as market conditions, investor sentiment, and company performance can influence the stock's performance on its debut.