As of November 30, 2025, only about five months of the 1–2 year window (June 21, 2025 through at least June 21, 2026, and possibly June 21, 2027) have elapsed, so the full period the prediction covers has not yet played out.

Evidence so far is supportive of Friedberg’s view:

• High‑quality tech IPOs have occurred and been very well received. Figma went public on July 31, 2025 at $33 per share and raised roughly $1.2 billion; the stock closed its first day over $115, more than 250% above the IPO price, signaling extremely strong demand for a marquee growth software name. (forbes.com)
• Other “fantastic” growth tech/fintech/AI names have also listed with big pops. Circle Internet Group’s June 2025 IPO and CoreWeave’s March 2025 IPO are cited alongside Figma as standout tech offerings; Circle’s first‑day gain was about 165%, while CoreWeave and other AI‑infrastructure/tech IPOs have delivered triple‑digit returns post‑listing, indicating robust investor appetite for top‑tier growth tech issuers. (finance.yahoo.com)
• Broader US IPO data suggests the market is ‘open for business’ in 2025, especially for quality names. By mid‑2025, U.S. IPOs were averaging first‑day pops of around 27–36%, near decade highs, with tech leading the way and 241 U.S. IPOs year‑to‑date—evidence of an active, receptive market. A February 2025 Renaissance Capital review also noted that most sizable IPOs were trading above offer, even if a few large deals dragged down weighted averages. (finance.yahoo.com)

However, Friedberg’s prediction is explicitly about the market remaining open over the next 1–2 years. Conditions could still change (e.g., macro downturn, rate shock, regulatory or geopolitical events) between now and mid‑2026/2027 that might shut the window for high‑quality growth tech IPOs. Because that future part of the timeframe has not yet occurred, we cannot definitively say the prediction has proven right or wrong.

Therefore the correct status at this time is inconclusive (too early): early developments are consistent with his thesis, but the full 1–2 year horizon has not yet passed.