{"slug":"figma-lockup-expiration","qid":"ipo_float_math","label":"ipo_float_math","post_title":"figma-lockup-expiration","post_url":"/blog/figma-lockup-expiration#q-ipo_float_math","columns":["label","shares_millions"],"rows":[{"label":"Offered in the IPO","shares_millions":36.9},{"label":"Traded, five sessions from Nov 7 2025","shares_millions":70.3},{"label":"Traded, five sessions from Aug 7 2026","shares_millions":112.8}],"shape":"ranking","sql":"WITH ipo AS\n(\n    SELECT argMax(toFloat64(max_shares_offered), last_updated) AS shares_offered\n    FROM global_markets.stocks_ipos\n    WHERE ticker = 'FIG'\n      AND listing_date >= '2025-07-01'\n      AND listing_date <  '2025-08-31'\n),\nbars AS\n(\n    SELECT\n        date,\n        volume,\n        row_number() OVER (ORDER BY date) AS seq\n    FROM\n    (\n        SELECT\n            date,\n            argMax(toFloat64(volume), _ingest_time) AS volume\n        FROM global_markets.stocks_daily_aggs\n        WHERE ticker = 'FIG'\n          AND date >= '2025-07-31'\n        GROUP BY date\n    )\n),\nanchors AS\n(\n    SELECT\n        anyIf(seq, date = '2025-11-07') AS ipo_lockup_end,\n        anyIf(seq, date = '2026-08-07') AS final_tranche\n    FROM bars\n),\ntraded AS\n(\n    SELECT\n        sumIf(b.volume, toInt32(b.seq) BETWEEN toInt32(a.ipo_lockup_end) AND toInt32(a.ipo_lockup_end) + 4) AS nov_five_sessions,\n        sumIf(b.volume, toInt32(b.seq) BETWEEN toInt32(a.final_tranche)  AND toInt32(a.final_tranche)  + 4) AS aug_five_sessions\n    FROM bars AS b\n    CROSS JOIN anchors AS a\n)\nSELECT\n    tupleElement(bucket, 1)                 AS label,\n    round(tupleElement(bucket, 2) / 1e6, 1) AS shares_millions\nFROM\n(\n    SELECT arrayJoin([\n        ('Offered in the IPO',                          shares_offered),\n        ('Traded, five sessions from Nov 7 2025',        nov_five_sessions),\n        ('Traded, five sessions from Aug 7 2026',        aug_five_sessions)\n    ]) AS bucket\n    FROM ipo\n    CROSS JOIN traded\n)","computed_at":"2026-09-25T15:02:34.842871+00:00","elapsed":0.134282519}