The article discusses the current state of IPOs, highlighting why companies like PagerDuty chose to go public early, primarily for employee liquidity and customer trust. It emphasizes that an IPO serves as a credibility boost for firms selling mission-critical software, allowing them to provide reassurance to potential buyers about their longevity and stability. It also clarifies that companies don't need to have all the answers before going public, as many IPO-related tasks are one-time activities.

Figma's CEO Dylan Field is set to cash out approximately $60 million from the company's IPO, which is supported by major investors including Index Ventures, Kleiner Perkins, Greylock, and Sequoia, all of whom are also selling shares during the offering. The IPO marks a significant milestone for Figma as it continues to grow in the competitive design software market.

Figma is reportedly preparing for a significant IPO that could raise up to $1.5 billion, marking a major milestone for the design software company. As interest grows in its valuation and market strategy, Figma's move is seen as a pivotal moment in the tech industry, potentially reshaping the competitive landscape for design tools.