Figma shares fell 27% to $88.60 on Monday, erasing a large chunk of gains made during its explosive NYSE debut last week. According to CNBC, the design software firm and top holders sold 37 million shares at $33 each,

Figma Inc. experienced a sharp pullback on Monday, with its shares falling 23% in mid-day trading to $92.75. The drop of $29.25 from Friday’s close of $122 cuts into thesignificant gains the design software company posted after its highly anticipated public debut on the New York Stock Exchange last week.