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

Figma secured a valuation of $19.34 billion, just shy of the $20 billion it was set to fetch in a scrapped acquisition by Adobe in 2023.

Figma (FIG), a design software company that provides a wide range of artificial intelligence tools for creating and sharing designs for websites, apps and other digital products, has boosted the proposed range for its initial public offering.