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This stock soared 250% after Jim Cramer told investors to cancel their orders
FigmaFigma(US:FIG) Finbold·2025-08-01 18:47

Jim Cramer, American author, journalist, and host of CNBC's Mad Money, is once again living up to his title of Wall Street's leading inverse indicator. On Thursday, July 31, just hours ahead of Figma's (NYSE: FIG) stock market debut, Cramer urged investors to stay clear of the web design company, suggesting it was "way too expensive" with nearly 54 times sales and assumed 40% growth. The company had priced its initial public offering (IPO) at 33pershareonJuly30,raisingroughly33 per share on July 30, raising roughly 411 million through th ...