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    Figma is down 80% since IPO. Does anyone regret buying, or does anyone feel they dodged a bullet?

    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 instocks



    Posted by stanxv

    37 Comments

    2. iamatoad_ama on

      Is there a reason for the downslide? It feels like they’re still dominating the UX space although their newer AI and dev integrations weren’t great.

    4. NaorobeFranz on

      Idk what Fig does, but if it fits my portfolio I’d consider DCA’ing into it after research. I mainly regret not doing the Reddit IPO but at the time I didn’t want to trim.

    6. sjg97 on

      Personally I think it’s a buy now at these prices. I have been contemplating scooping up 1000 shares

    8. JohnnyTreemain on

      The Figma IPO shares were much cheaper than what they opened at on the market, and particularly what they closed at that first day. I think I got my figma shares for $32, though I only got allocated like 20. Now Gemini. They fucked me. Those fucking Winklevosses kept increasing the IPO price at the last minute. It’s fucking trash now.

    11. TheRedditModsSuck on

      Yeah, buying at an IPO is usually just gambling. It’s often extremely volatile and you rarely find anything at a fair-ish value – they do happen occasionally like RDDT, GOOG, and UBER, but I’d say they’re the minority. There’s a reason why people say IPO = it’s probably overpriced.

    14. TheRealHotHashBrown on

      This is why Adobe didn’t bother investing in XD. They knew that AI would be able tot take the jobs of UI/UX designers.

    15. chris_ut on

      Its hard to short IPOs and they dont have options so they often get pumped then sell off within a month.

    17. myVolition on

      Sold half after it doubled, what i have left is the houses money so let it ride, sadly only got a couple shares at the ipo. Same story with bullish and Nu

    19. infinity_o on

      I do not have a position. However, I’ve been watching and watching and watching since the IPO. Waiting for a bottom and a change in market sentiment. I think we might actually be approaching it now.

      I love the software, I think the company is well positioned. I’ll open a position.. at some point.

    28. ScutumSobiescianum on

      It might be great product and everyone is using it but it’s a look so about the price you pay for it. At the time tech hype was at extreme. Now not so, the ups and downs of investing. Figma probably now closer to its normal market value. Saying that if tech market derates further it could be cheaper still. Only time will tell when it was a good buying opportunity

    29. ChaseballBat on

      When I said I don’t know what Figma is, and dozens of people called me an idiot for not knowing what they do.

      I still don’t know what they do and still haven’t heard their name outside a couple reddit posts.

    31. P0stNutClarity on

      lol I regret not selling my one allotted share at IPO. Bought 9 more at $50 and down since lmao glad I didn’t buy more

    34. TotalCreative1899 on

      As a product designer I was scolded by reddit users when I told people that it was a $16-20 stock.

      It hasn’t innovated and there really isn’t much room for it. Figma AI sucks and doesn’t do much for a mature designer or product.

      I might buy now but honestly in tech. I just don’t see figma being around in 10 years. Same like sketch or Invision. Something will come along and eat its lunch

    36. PinkthePantherLord on

      I feel like not every company needs to go public but it’s all about getting paid bullet dodged

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