Figma Stock Plunges 39% in August After IPO Frenzy
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BTCCSquare news:
Figma's stock (FIG) tumbled 39% in August following its explosive debut on July 31, when shares more than tripled from their $33 IPO price to close at $115. The decline marked a sharp reversal from the initial euphoria, with the stock peaking at $142.92 on August 1 before profit-taking erased gains.
Trading volume dwindled as the stock stabilized later in the month, reflecting a search for equilibrium after the year's largest IPO. Wall Street analysts offered mixed ratings, with some praising Figma's differentiated platform while others questioned its valuation.
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