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HarryAllen
HarryAllen
August 25, 2025

Tech IPOs like Figma, Circle, and Chime, which soared this summer, have seen sharp declines. Figma's shares dropped nearly 50% from a $140 peak, Circle lost half its value from a $60 billion cap, and Chime fell a third from its debut. Despite pullbacks, all remain above IPO prices, suggesting no immediate alarm but highlighting volatile momentum trading in unprofitable tech stocks.

Tech IPOs like Figma, Circle, and Chime, which soared this summer, have seen sharp declines. Figma's shares dropped nearly 50% from a $140 peak, Circle lost half its value from a $60 billion cap, and Chime fell a third from its debut. Despite pullbacks, all remain above IPO prices, suggesting no immediate alarm but highlighting volatile momentum trading in unprofitable tech stocks.
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