IPOs & SPACs
What an IPO Lockup Is and How to Find When It Ends
The lockup decides when pre-IPO shareholders, including employees with RSUs, can first sell. Here is where the terms are written and how they are usually structured.
Tag: IPO
IPOs & SPACs
How to Read an S-1: The IPO Prospectus Sections That Matter
Where to find an IPO prospectus, which sections answer the questions investors and employees ask, and how the S-1/A amendments and final 424B4 fit together, using Figma's 2025 filing as an example.
IPOs & SPACs
How an IPO Works, From the S-1 Filing to the First Trade
An initial public offering follows a set sequence of filings and steps. This guide walks through each one, using Figma's 2025 listing as a worked example.