Figma (FIG 2.16%), a provider of cloud-based user interface (UI) and user experience (UX) design tools, attracted significant attention when it went public at $33 per share on July 31, 2025. Its stock opened at $85 and closed at a record high of $142.92 just two days later.
Figma initially impressed the bulls because it was growing like a weed and seemed poised to loosen Adobe‘s (ADBE 0.11%) grip on the UI/UX design market. However, that enthusiasm waned over the past year as its growth slowed and expenses rose.
That’s why Figma’s stock now trades slightly below its IPO price at $32. Does that near-80% drop from its all-time highs represent a good buying opportunity for…
