By Chibuike Oguh NEW YORK (Reuters) -Shares of Figma slumped 23% on profit taking on Monday, as euphoria over the design software firm waned days after its blockbuster initial public offering. San Francisco,

As much as investors crave the dopamine rush of an exciting IPO, it may be best to wait for things to cool down for Figma stock. There's good reason to believe the current surge in the share price is only temporary, even if the business executes well.

Figma (NYSE:FIG) stock dropped 27.4% to $88.60/share on Monday, its third day of trading, significantly paring gains since its blockbuster IPO last week. The design software maker's shares had more than tripled to $115.