Why Shares of Figma Blasted Over 200% After Its IPO Debut -- Should You Buy the Stock Now?

In its highly anticipated initial public offering (IPO), the design and user experience company Figma (NYSE: FIG) did not disappoint. After pricing an upsized offering, shares blasted over 240% around 2 p.m. ET today, before trading was halted briefly. IPOs have done incredibly well this year, particularly in the crypto and artificial intelligence space, and many view Figma as a potential AI disruptor.Figma is essentially the Google Sheets of design, allowing designers and coders to collaborate on projects in one document with high-quality graphics. The majority of companies in the Fortune 500 use Figma for their design needs, and management thinks it will be able to add many more artificial intelligence (AI) tools into its product set on top of what it already has.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool