The 41% growth rate is not enough to justify the performance outlook is flat without any surprises. The first performance report after Figma (FIG.US) went public is unable to support the high valuation.

According to the Securities Times app, the stock price of the global software industry newcomer Figma (FIG.US) plummeted more than 14% in after-hours trading on Wednesday, mainly due to the first performance report released by the design software leader since its IPO in July fell short of Wall Street's expectations. As of the closing of the US stock market on Wednesday, Figma's stock price nearly doubled from its IPO price, however, the market began to believe that the performance report and future outlook of Figma cannot support the company's valuation significantly higher than its software peers, leading to a massive sell-off of the stock.