The U.S. IPO market is recovering in 2025 after a brief speed bump in April due to tariff-related volatility. Bankers expect activity to accelerate once the summer lull ends and the fall window opens, driven by strong demand for high-growth listings.

Figma sets terms in its upcoming initial public offering, and co-founder Dylan Field could net more than $60 million from selling his personal shares.

The company is well on its way to generating $1 billion of revenue in 2025 with steady profits a possibility too.