Reported 2 days ago
Figma Inc.'s stock has seen a dramatic decline of $21 billion from its peak shortly after its record-breaking IPO, trading below $85 this week. The company's shares initially surged 250% on their debut but have since dropped from a high of $142.92 to around $80. Experts suggest that the steep rise was fueled by a limited supply of shares, leading to speculative trading, and with Figma's market value currently at approximately $39 billion, concerns about its long-term sustainability surface as it maintains a high price-to-sales ratio compared to similar firms.
Source: YAHOO