Figma’s honeymoon on Wall Street just ended in a freefall after mere days. On Monday, the company’s stock collapsed by 23%, sending its price tumbling from $122 on Friday to $94.50 by midday. The $27.

Figma’s stock was clearly in hot demand. The company initially said last week it expected to sell its stock to investors for $25 to $28 per share. On Monday, it upped that range to $30 to $32 a share before pricing its offering at $33 a share Wednesday .

Traders expressed confusion and frustration on Thursday as demand for Figma shares appeared to far exceed supply. Figma’s initial public offering this week was a boon for investors. Well, some investors.