---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/35861746.md"
description: "$Figma(FIG.US) I've never seen a stock that has been steadily declining since its IPO. Can someone who got in early explain why it's so bad? And why did everyone buy it? I'll go first. I bought it when it pulled back on low volume after a three-day surge to 10.9, thinking it was once a meme stock like crwv. I took a 15% position at around 68, expecting a rebound after such a low-volume pullback, planning to add more depending on the situation. But on 10.10, the volume surged on a big drop, so I didn't dare to add. I just held on, and after three days of volatility, it followed the market's big drop on 10.16. At the time, my entire portfolio was in the red, so I didn't pay much attention. Now, interest rates have been cut, tariffs have been suspended, yet it's stubbornly falling. What was the IPO price? On my software, the pre-market price on 7/31 was 33—is that the IPO price? Is it gearing up to return to the IPO price and start over?"
datetime: "2025-10-31T14:17:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/35861746.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/35861746.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/35861746.md)
author: "[Jovial](https://longbridge.com/en/profiles/16930562.md)"
---

# $Figma(FIG.US) I've never seen a stock that has be…


### Related Stocks

- [FIG.US](https://longbridge.com/en/quote/FIG.US.md)
- [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md)

## Comments (5)

- **ZWH · 2025-11-04T09:57:14.000Z**: It has never risen since the purchase, just kept falling
  - **Jovial** (2025-11-04T10:12:24.000Z): It's still risen, otherwise I wouldn't have chased in
- **蕾 · 2025-10-31T17:26:16.000Z**: This year's stock trading gains were ruined by this stock😂No matter how you buy it, it keeps falling. You think it's hit bottom, but then it breaks new lows
- **Gong Hei Fat Choy · 2025-10-31T14:24:48.000Z**: Take a look at FLY, that's what despair really is
  - **Jovial** (2025-10-31T14:33:10.000Z): That one wasn't as scary as this one. On the first day, the price was only around sixty or seventy, and the turnover was high only on the first day. For the past few days, fig's turnover has been over