When Figma IPO’d, there was a lot of hype. It’s a great product, tons of designers use it, and it felt like one of those stocks you had to own. Now the stock is down about 80% from its IPO, and I’m wondering how people who bought in are feeling. Do you regret buying, or do you still believe in the company long term and see this as just part of the ride?
For those who didn’t buy, does it feel like you dodged a bullet, or are you starting to think this might be a good chance to get in at a much lower price? With tech stocks getting hit hard and expectations coming back to earth, this seems like a good example of hype vs. reality. Curious to hear how everyone’s looking at it now.
Figma is down 80% since IPO. Does anyone regret buying, or does anyone feel they dodged a bullet?
byu/stanxv ininvesting
Posted by stanxv
17 Comments
Who?
Ligma is way up at least
I’ve been investigating selling off SpaceX for our fund. Just got a price of 550 which is 1.25T implied valuation, not watered down. Getting out now and not holding for the 6 months as an insider is pretty enticing. Investors are up about 144% before fees in 10 months.
Never used their software. What’s the argument against being impacted by AI?
It’s crazy to me that a company with negative 2.72 EPS can trade for $20/share. Is growth that warranted?
I tax loss harvested in Dec after losing 20% so I am fine with it, I rebought my entire position lower yesterday.
I have FIGMA.
Fear I’m Gonna Miss my Assets
Definitely dodge the bullet. Figma is a great tool but they are in a bad spot. They are going to be the next quark express
I have never regretted dumping an IPO after 30 days. Figma included. Ride the hype, sell the news.
I’ll come back after a year if the company has good fundamentals.
Even retail investors don’t buy IPOs that frequently
How’s LIGMA doing?
Dodged but watching it. Adobe wanted to buy them before IPO. Both are terrible. Could Adobe revisit and combine two terrible companies?
It’s a good company that IPO’d in a hot market way too expensive. It’s finally coming down to a level where I’d consider starting a position
I was going to load up at the ipo price of $33 after reading the hype about it being an Adobe killer. But it opened at like $100 so I didn’t bother and never looked back
I was curious after they talked about it on Prof G but didn’t FOMO in. Glad I didn’t or I’d be very sad right now. Maybe I’ll buy a little every few months.
The valuation was crazy. They would have needed around 100 million paid subscribers for it to make sense
I am seriously considering buying at this level. They have a strong series of products, a realistic roadmap, tons of money on their balance sheet, and a proven record to weather many downturns over the decades