Figma shares slump as earnings miss lofty post-IPO expectations
Lifestyle
Figma shares plunged 19 per cent on Thursday as a slight beat in its first earnings report following its blockbuster July market debut unnerved investors, with a looming share unlock further weighing on sentiment. The cloud-based collaborative-design software platform's widely watched IPO set a high bar, and with shares now sharply off their peak, investors are reassessing the company's valuation amid volatility and looming share unlocks. Its IPO was priced at $33 per share, giving the company
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