Share of US listings trading at 1.5x their offer price, by day since listing
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-07, from Japanese IPO Lockups: The 1.5x Release Rule.
| days_since_listing | reached_1_5x_pct |
|---|---|
| 0 | 14.9 |
| 10 | 28.2 |
| 20 | 30.4 |
| 30 | 31.9 |
| 40 | 33.2 |
| 50 | 34.5 |
| 60 | 35.3 |
| 70 | 36 |
| 80 | 36.4 |
| 90 | 37.4 |
| 100 | 37.6 |
| 110 | 37.9 |
| 120 | 38.1 |
| 130 | 38.4 |
| 140 | 38.5 |
| 150 | 38.7 |
| 160 | 39 |
| 170 | 39.3 |
| 180 | 39.4 |
- Rows × columns
- 19 × 2
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
days_since_listing |
number | 0 to 180 | |
reached_1_5x_pct |
number | 14.9 to 39.4 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH offers AS
(
SELECT
ticker,
min(listing_date) AS listed_on,
toFloat64(max(final_issue_price)) AS offer_price
FROM global_markets.stocks_ipos
WHERE final_issue_price > 0
AND listing_date >= '2021-01-01'
AND listing_date < '2026-01-01'
AND ticker NOT IN ('SPCX')
GROUP BY ticker
),
first_touch AS
(
SELECT
o.ticker AS ticker,
countIf(toFloat64(d.high) >= 1.5 * o.offer_price) AS touch_sessions,
minIf(dateDiff('day', o.listed_on, d.date),
toFloat64(d.high) >= 1.5 * o.offer_price) AS days_to_touch
FROM global_markets.stocks_daily_aggs AS d
INNER JOIN offers AS o ON d.ticker = o.ticker
WHERE d.date >= '2021-01-01'
AND d.date < '2026-07-01'
AND d.date >= o.listed_on
AND d.date < o.listed_on + 181
GROUP BY o.ticker
)
SELECT
grid.day AS days_since_listing,
round(100 * countIf(t.touch_sessions > 0 AND t.days_to_touch <= grid.day) / count(), 1) AS reached_1_5x_pct
FROM first_touch AS t
CROSS JOIN
(
SELECT arrayJoin(range(0, 190, 10)) AS day
) AS grid
GROUP BY days_since_listing
ORDER BY days_since_listing
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