Figma's stock sinks more than 20% after last week's IPO pop

1. Figma shares surged 229% after IPO, exceeding a $20 billion valuation. 2. Shares dropped 23% from $122 to $94.50 following initial trading highs. 3. IPO raised $1.2 billion, with Figma's valuation reaching approximately $56 billion. 4. Company expects a 40% revenue increase in Q2, highlighting profitability. 5. Previous acquisition talks with Adobe were scrapped due to regulatory concerns.