Figma's stock sinks 27% after last week's IPO pop
14d ago
Business
CNBC
Figma's stock experienced a significant downturn on Monday, falling 27% after a remarkable initial public offering (IPO) last week. The stock had more than tripled in value during its debut, making it one of the more successful IPOs of recent times. However, Monday's trading saw a considerable correction, erasing a portion of those gains. Market analysts are closely watching Figma's performance to determine if this is a temporary adjustment or the beginning of a longer-term trend.