10 Stocks Bleeding Early

1. Figma, Inc. (NYSE:FIG)

Figma fell by 27.38 percent on Monday to close at $88.6 apiece as investors resorted to profit-taking to take advantage of the two consecutive days of surge.

Figma, Inc. (NYSE:FIG) is a newly listed company, having debuted on the stock market only last Thursday.

The company initially planned to raise $1.2 billion from its initial public offering through the sale of nearly 37 million shares, comprised of 12.5 million new shares from the company and 24.5 million existing shares owned by certain shareholders.

In addition, some selling stockholders granted the underwriters a 30-day option to purchase up to an additional 5.5 million shares.

The IPO followed a terminated merger deal agreement with Adobe in 2023, under which the latter would have acquired the newly listed company for a mix of stock and cash consideration.

Although both parties believed in the merits and benefits of the merger, Adobe and Figma, Inc. (NYSE:FIG) mutually agreed to terminate the transaction based on a joint assessment that there was no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.

While we acknowledge the potential of FIG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FIG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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