Figma's IPO Was a Blockbuster -- Should You Chase the Surge or Wait for a Pullback?

There's a reason investors are celebrating. On July 31, interface design company Figma (FIG -27.38%) went public, and it was an absolute blockbuster. The initial public offering (IPO) was priced at $33 per share. But on its first day of trading, Figma stock quickly skyrocketed as high as $125 per share, giving the company a market valuation of over $60 billion -- higher than the valuation for household names like Chipotle Mexican Grill and General Motors. The excitement is understandable. In its filings to ...