Figma Inc (NYSE:FIG) shares faced heavy selling pressure during regular trading hours on Monday after several analyst firms initiated coverage on the stock. Here’s what you need to know.
What To Know: Figma went public on the New York Stock Exchange at the end of July. The company’s stock more than tripled in its first day of public trading. Figma, which makes collaborative web-based software, priced its IPO at $33 before shares opened for trading at $85 and closed out the session around $115. The stock has largely trended lower since.
