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Figma's IPO (NYSE:FIG) was one of the hottest tech debuts in recent years, with its stock surging by more than 3x its issue price on its first trading day when it listed last week. However, the stock has declined by close to 40% over the last five days to about $78 currently.
Figma Inc. (FIG) IPO'd at $85 last Thursday and nearly tapped $143 the following session. It closed this Thursday's session at $78.
On Thursday, July 31, design-tech company Figma Inc. FIG launched its initial public offering (IPO).
Figma managed something rare in today's market: it survived a failed Adobe acquisition, stayed independent, and went public on its own terms. But its post-IPO performance tells a more complex story about startup exits in 2025.
The first days of public trading for Figma NYSE: FIG have been a study in market extremes. After being priced at $33 per share for its Initial Public Offering (IPO), the stock exploded, surging over 250% to a high of $142.92 on its first day.
CNBC's “Fast Money” team discusses Figma as its stock sinks more than 20% after last week's IPO pop.
Palantir's Q2 revenue surged 48% to $1B, driven by strong AI demand, beating estimates and boosting full-year guidance. Figma stock plunged 27% after its IPO rally, with analysts cautioning that valuation risk outweighs business fundamentals amid market euphoria.
On July 31, interface design company Figma (FIG -26.58%) went public, and it was an absolute blockbuster. The initial public offering (IPO) was priced at $33 per share.
Even with Figma, Inc.'s stock price cooling a bit since its IPO day, a forward P/S ratio of 60 is still too high for reliable alpha. My conservative-bullish model for FIG stock shows a 12-month return of about 10-12% is probable. Take your capital and invest it where others aren't looking. Be fearful when others are greedy.
John Jannarone called the Figma (FIG) IPO "really good news" for the overall tech IPO sphere. He expects to see names like Klarna and Stripe go public sometime this fall, and says they could be even bigger than Figma.