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Why Figma Stock Lost 39% in August
The Motley Fool· 2025-09-03 17:55
Shares of the cloud software stock pulled back after an initial pop.After skyrocketing on its opening day of trading on July 31, Figma (FIG 1.40%) gave back some of those early gains last month as the software stock searched for equilibrium following the year's biggest initial public offering (IPO).According to data from S&P Global Market Intelligence, the stock finished the month down 39%. As you can see from the chart below, it tumbled early in the month as it pulled back from the initial frenzy, and shar ...