$Figma(FIG)$ Is it a buy if it dips under $50?

At sub-$50, the valuation begins to look more reasonable, especially given Figma’s revenue growth and narrowing losses. However, the key risk is the looming supply from lock-up expiration. Even with the extension for 35% of shares, significant float could still hit the market, adding selling pressure. I would treat a dip under $50 as a speculative entry point, but only with strict risk management and the expectation of near-term volatility.

How do you view the extension?

The partial extension is a short-term stabiliser. It signals some institutional confidence, but does not fully remove the overhang. Roughly two-thirds of shares could still come available, which limits the upside until supply is absorbed. In essence, it softens but does not eliminate the lock-up risk.

If Figma dips to $33 – IPO price, would you add?

Yes, $33 would be a strong technical and psychological support. At that level, risk–reward would favour a gradual accumulation, especially for investors with a multi-year horizon. That said, I would not go “all-in” at IPO price but rather scale in cautiously, as high-growth software names can remain under pressure if broader market sentiment turns risk-off.