Figma Stock Is Tumbling After Its IPO. Should Investors Buy the Dip?

Figma (NYSE: FIG) recently went public via an initial public offering (IPO), and its stock had a massive day one. Originally, shares of the online design software maker sold at $33 per share, which was above the expected listing range. The stock quickly rocketed to more than $120 per share by its second trading day due to massive demand.Yet, it has been all downhill from there. At the time of writing, Figma's stock is priced around $70 per share, so most people who didn't buy shares at the initial $33 per share offering price (mainly institutional investors) are sitting on a hefty loss.With the recent weakness, is Figma stock a buying opportunity for investors? Or is there something else going on here?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool