The US initial public offerings market has bounced back after tariff-driven volatility briefly paused listings in April, putting 2025 on track to end a nearly three-year dry spell. Figma's valuation at debut far exceeds the $20 billion price tag from a now-abandoned buyout deal with industry giant Adobe in December 2023.
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows
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