🔴 FIG is trading 4.1% down today after recent post‑IPO volatility and profit‑taking

FIG is trading at 4.1% down now at $34.60 after a sharp multi-day slide, driven by recent commentary highlighting rich valuation and lofty growth expectations following its massive post-IPO run-up.

• The slide follows an extremely strong NYSE IPO where shares initially surged 198%.
• The current volatility encourages profit-taking and short-term rebalancing among traders.
• With no new company-specific news or downgrades this morning, the move looks largely like continued digestion of earlier gains amid normal post-IPO trading swings.