Sessions from listing to the first close below the first print: SPCX vs four recent IPOs
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 2026-08-20, from SPCX: SpaceX Stock Price Decline From Peak.
| ticker | listed | issue_price | first_rth_open | open_vs_issue_pct | open_vs_issue_pct_abs | sessions_in_window | closes_below_first_print | first_break | break_label | break_session_n |
|---|---|---|---|---|---|---|---|---|---|---|
| CRWV | 2025-03-28 | 40 | 39 | -2.5 | 2.5 | 17 | 3 | 2 | Mar 31, 2025 | 2 |
| KLAR | 2025-09-10 | 40 | 52 | 30 | 30 | 18 | 18 | 1 | Sep 10, 2025 | 1 |
| MDLN | 2025-12-17 | 29 | 35 | 20.7 | 20.7 | 16 | 0 | never in window | never in window | 0 |
| CBRS | 2026-05-14 | 185 | 350 | 89.2 | 89.2 | 17 | 17 | 1 | May 14, 2026 | 1 |
| SPCX | 2026-06-12 | 135 | 150 | 11.1 | 11.1 | 16 | 1 | 16 | Jul 7, 2026 | 16 |
- Rows × columns
- 5 × 11
- Period covered
- to
- 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 |
|---|---|---|---|
ticker |
text | 5 distinct values (CBRS, CRWV, KLAR…) | |
listed |
date | 2025-03-28 to 2026-06-12 | |
issue_price |
number | 29 to 185 | US dollars |
first_rth_open |
number | 35 to 350 | US dollars |
open_vs_issue_pct |
number | -2.5 to 89.2 | percent |
open_vs_issue_pct_abs |
number | 2.5 to 89.2 | percent |
sessions_in_window |
number | 16 to 18 | |
closes_below_first_print |
number | 0 to 18 | |
first_break |
text | 4 distinct values (1, 16, 2…) | |
break_label |
text | 5 distinct values (Jul 7, 2026, Mar 31, 2025, May 14, 2026…) | |
break_session_n |
number | 0 to 16 | count |
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 daily AS (
SELECT ticker,
toDate(toTimeZone(window_start, 'America/New_York')) AS session_date,
argMin(toFloat64(open), window_start) AS rth_open,
argMax(toFloat64(close), window_start) AS rth_close
FROM global_markets.delayed_stocks_minute_aggs
WHERE ((ticker = 'CRWV' AND window_start >= '2025-03-28 00:00:00' AND window_start < '2025-04-23 00:00:00')
OR (ticker = 'KLAR' AND window_start >= '2025-09-10 00:00:00' AND window_start < '2025-10-06 00:00:00')
OR (ticker = 'MDLN' AND window_start >= '2025-12-17 00:00:00' AND window_start < '2026-01-12 00:00:00')
OR (ticker = 'CBRS' AND window_start >= '2026-05-14 00:00:00' AND window_start < '2026-06-09 00:00:00')
OR (ticker = 'SPCX' AND window_start >= '2026-06-12 00:00:00' AND window_start < '2026-07-08 00:00:00'))
AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
GROUP BY ticker, session_date
),
w AS (
SELECT ticker, session_date, rth_close,
row_number() OVER (PARTITION BY ticker ORDER BY session_date) AS rn,
first_value(rth_open) OVER (PARTITION BY ticker ORDER BY session_date) AS d1_open
FROM daily
),
agg AS (
SELECT ticker,
min(session_date) AS first_session,
any(d1_open) AS day1_open,
count() AS sessions_in_window,
countIf(rth_close < d1_open) AS closes_below,
minIf(toInt32(rn), rth_close < d1_open) AS break_rn,
minIf(session_date, rth_close < d1_open) AS break_d
FROM w GROUP BY ticker
)
SELECT a.ticker AS ticker,
toString(a.first_session) AS listed,
round(l.issue_px, 2) AS issue_price,
round(a.day1_open, 2) AS first_rth_open,
round((a.day1_open / l.issue_px - 1) * 100, 1) AS open_vs_issue_pct,
round(abs((a.day1_open / l.issue_px - 1) * 100), 1) AS open_vs_issue_pct_abs,
a.sessions_in_window AS sessions_in_window,
a.closes_below AS closes_below_first_print,
if(a.closes_below > 0, toString(a.break_rn), 'never in window') AS first_break,
if(a.closes_below > 0, formatDateTime(a.break_d, '%b %e, %Y'), 'never in window') AS break_label,
a.break_rn AS break_session_n
FROM agg a
INNER JOIN (
SELECT ticker, min(listing_date) AS ld, argMin(toFloat64(final_issue_price), listing_date) AS issue_px
FROM global_markets.stocks_ipos
WHERE ticker IN ('SPCX', 'CBRS', 'MDLN', 'CRWV', 'KLAR') AND listing_date >= '2025-01-01' AND ipo_status = 'history'
GROUP BY ticker
) l ON a.ticker = l.ticker
ORDER BY a.first_session
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