VENTURE-BACKED IPOS OF 2025 HAVE DONE WELL POST-DEBUT; NOW IT'S FIGMA'S TURN

Summary from the TLDR Founders newsletter

Venture-backed IPOs in 2025 have performed well, with all of the largest offerings trading above their initial prices. Figma is expected to benefit from this positive trend, pricing its IPO at $33 per share. Circle is the standout performer, with shares up over 5x since its IPO, sparking interest in public offerings from other crypto and tech companies.