Figma Whipsaws in Second Trading Day After 250% Debut Gain
Figma Inc., a design software company, experienced significant volatility in its second day of trading on the stock market. The shares rose as much as 333% above the initial public offering (IPO) price, but later pared back some of those gains. This follows a remarkable 250% debut gain on the first trading day, which was one of the strongest first-day performances for a US-listed IPO in 2022. The surge in Figma's stock price reflects the strong investor demand for the company, which provides collaborative design tools for digital products. The volatility in the second trading day is not uncommon for newly public companies, as the market adjusts to the new stock's valuation and trading dynamics. Investors will be closely monitoring Figma's performance in the coming days and weeks as the company navigates its transition to a publicly traded entity.
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