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Figma Stock Plummets 59% Since August IPO: Is It a Buying Opportunity?
Figma Stock Plummets 59% Since August IPO: Is It a Buying Opportunity?
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BTCCSquare news:
Figma's stock debut at $85 on July 31 surged to $122 by August 1, only to collapse 59% in weeks. The S&P 500's 3.6% September rally contrasts sharply with Figma's 16.4% drop this month. IPO volatility and a disappointing Q2 earnings report—$250M revenue (41% YoY growth)—fueled the selloff.
Early-stage public companies often face turbulent trading, but Figma's trajectory highlights the risks of chasing post-IPO momentum. The design software firm now tests investor appetite for fallen growth stocks amid shifting market sentiment.
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