{"slug":"early-lockup-release-and-waivers","qid":"float_at_ipo","label":"How much of a company an IPO actually sells","post_title":"Early Lockup Release: Triggers and Waivers","post_url":"/blog/early-lockup-release-and-waivers#q-float_at_ipo","columns":["share_sold","ipos"],"rows":[{"share_sold":"under 5%","ipos":40},{"share_sold":"5% to 10%","ipos":98},{"share_sold":"10% to 15%","ipos":149},{"share_sold":"15% to 20%","ipos":77},{"share_sold":"20% to 30%","ipos":125},{"share_sold":"30% or more","ipos":674}],"shape":"ranking","sql":"SELECT\n    multiIf(pct <  5, 'under 5%',\n            pct < 10, '5% to 10%',\n            pct < 15, '10% to 15%',\n            pct < 20, '15% to 20%',\n            pct < 30, '20% to 30%',\n                      '30% or more') AS share_sold,\n    count()                          AS ipos\nFROM\n(\n    SELECT\n        ticker,\n        round(100 * max(toFloat64(max_shares_offered)) / max(toFloat64(shares_outstanding)), 2) AS pct\n    FROM global_markets.stocks_ipos\n    WHERE listing_date >= '2022-01-01'\n      AND listing_date <= today()\n      AND ticker NOT IN ('SPCX')\n      AND shares_outstanding > 0\n      AND max_shares_offered > 0\n    GROUP BY ticker\n    HAVING pct > 0 AND pct <= 100\n)\nGROUP BY share_sold\nORDER BY min(pct)","computed_at":"2026-08-22T04:04:46.757981+00:00","elapsed":0.060696339}