Can Figma Justify Its $27 Billion Valuation After a Strong Yet Underwhelming Q2?

Just weeks ago, Figma (NYSE: FIG) had one of the biggest IPO pops in years, jumping from its listing price of $33 to a closing price on July 31 of $115, before topping out at $142.92 the following day.However, since that euphoric surge, valuation concerns have spread, and the stock gradually pulled back as investors looked forward to its first earnings report as a publicly traded company, which came out on Sept. 3.Though the design software company delivered a strong debut earnings report, it also seemed to confirm the valuation concerns that were driving the earlier sell-off as the stock fell 20% on the report.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool