The hype train has left the station, and Figma's share price is rocketing higher. Here is what might come next.

Figma Inc. shares are set to begin trading Thursday after the design and collaboration software company and some of its backers raised $1.2 billion in one of the year’s most anticipated US

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.