Scrubs maker FIGS valued at $4.57 billion in stellar debut

FIGS Inc co-founders Heather Hasson and Trina Spear arrive at the NYSE with FIGS ambassadors to celebrate the company's initial public offering in New York City, U.S., May 27, 2021. NYSE/Handout via REUTERS

(Reuters) - FIGS Inc's shares jumped nearly 29% in their market debut on Thursday, valuing the company at $4.57 billion, indicating robust investor interest after the maker of medical scrubs, face masks and shields saw a jump in demand during the COVID-19 pandemic.

The shares opened at $28.30 each, up from the offer price of $22 each, in what was the first listing to be included on Robinhood's platform which will give retail investors the opportunity to buy shares in initial public offerings.