Is Figma a Buy After Tripling on Its IPO?

Figma (NYSE: FIG) stock soared on its opening day on Thursday. After pricing its initial public offering (IPO) at $33, the stock opened at $85 around 2:00 p.m. ET, 158% higher than the listing price, and then continued to climb from there.The surge came as little surprise. Figma went public with the stock market at all-time highs, and with risk-on tech stocks back in favor, stocks like Nvidia have soared as tariff fears have cooled. Figma also has just about everything investors could want from an IPO, which also seemed to set the stock up to skyrocket in its debut.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool