Figma’s Launch Was A Lot….

Figma’s (FIG) public debut was nothing short of shocking. Priced at $33, it exploded to $122 by the end of Day 1. Impressive, but also concerning. Figma (FIG) is a fast-growing platform — I believe they have over 13 million monthly users — but in terms of the stock market, their valuation is built off momentum and hype, in my opinion.

I respect the company, but the IPO price action pushed Figma into overvalued territory. The risk/reward isn’t there right now. This looks like a wait-and-see, not a chase-the-hype situation. If you were able to pick it up through robin hood or another platform at its IPO price, well done however at this current price i will be staying away. FOMO investing kills portfolios.