01-08-2025
Figma's 250% Surge Signals IPOs May Finally Come Back in 2025
Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we reflect on a software firm's IPO-day surge, KKR's big bet on asset-backed finance and a hedge fund's VC fund that aims to capitalize on an "urgent" need. If you're not already on our list, sign up here. Have feedback? Email us at goingprivate@ — Erin Fuchs and Allison McNeely
This was supposed to be the year that IPOs bounced back, buoyed by the Trump administration's business-friendly regulations. Then President Trump's trade war made some firms hesitant to take risks such as exposing themselves to the whims of the public market.
