US EditionFigma's stock sinks 27% after last week's IPO pop
SAN FRANCISCO, CALIFORNIA, AUG 4 – Figma's IPO raised $1.2 billion with shares surging 229% before a 27% drop due to profit taking, highlighting strong investor interest and volatility in tech stock debuts.
- On Aug 4, Figma shares slumped 23% on profit taking, following its IPO, giving the company a market capitalisation of about US$56.3 billion.
- On Aug 4, profit taking followed days of euphoria after the blockbuster IPO, with the stock soaring 229%.
- Priced at $33, the stock closed at $115.50 on Thursday, with a first trading day high of $125 and a valuation over $60 billion.
- On Monday, shares fell $27.50 to $94.50 midday, reducing market value to about $45.2 billion.
- Many wonder if Figma’s debut will prompt startups like Databricks and SpaceX to pursue IPOs, following the recent stock slump on Monday.
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Figma's IPO Was a Blockbuster -- Should You Chase the Surge or Wait for a Pullback? @themotleyfool #stocks $FIG $GM $CMG $ADBE $SNOW $PLTR
Key PointsFigma has strong growth and high margins, giving investors a debut to celebrate after a couple years of drought in the IPO space.An IPO case study from 2020 may help investors soberly evaluate the opportunity with Figma stock now.10 stocks we like better than Figma › On July 31, interface design company Figma (NYSE: FIG) went public, and it was an absolute blockbuster. The initial public offering (IPO) was priced at $33 per share. But …
Tech industry insiders share their picks for the next startups to ride the IPO wave after Figma’s blockbuster debut
Figma’s sensational IPO last week resurrected longstanding debates about IPO pricing and first day pops—an unsurprising reaction to the newly listed stock’s 333% surge in its first days of trading. As investors dissect the offering (and as Figma’s stock settles back a bit, falling 27% on Monday), other key questions have emerged: Will Figma’s debut entice other startups to jump into the fray, bringing an end to the tech industry’s IPO drought? A…
USA-STOCKS-FIGMA:Figma sheds $11 billion in market value days after blockbuster IPO
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The HinduFigma sheds $11 billion in market value days after blockbuster IPO
NEW YORK :Shares of Figma slumped 23 per cent on profit taking on Monday, as euphoria over the design software firm waned days after its blockbuster initial public offering.San Francisco, California-based Figma shares had scored a massive 250 per cent gain during their market debut on Thursday when they were
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