{"slug":"what-is-a-stock-float","qid":"ipo_float_at_listing","label":"Float at listing: shares offered as a share of recorded shares outstanding, H1 2026 US IPOs of $100M+","post_title":"Stock Float vs. Shares Outstanding Explained","post_url":"/blog/what-is-a-stock-float#q-ipo_float_at_listing","columns":["ipos","median_pct_offered","p25_pct","p75_pct","floated_30pct_or_less"],"rows":[{"ipos":39,"median_pct_offered":30.2,"p25_pct":17.3,"p75_pct":47.7,"floated_30pct_or_less":19}],"shape":"scalar","sql":"SELECT count() AS ipos,\n       round(quantileDeterministic(0.5)(max_shares_offered / shares_outstanding, cityHash64(issuer_name)) * 100, 1) AS median_pct_offered,\n       round(quantileDeterministic(0.25)(max_shares_offered / shares_outstanding, cityHash64(issuer_name)) * 100, 1) AS p25_pct,\n       round(quantileDeterministic(0.75)(max_shares_offered / shares_outstanding, cityHash64(issuer_name)) * 100, 1) AS p75_pct,\n       countIf(max_shares_offered / shares_outstanding <= 0.30) AS floated_30pct_or_less\nFROM global_markets.stocks_ipos\nWHERE listing_date >= '2026-01-01'\n  AND listing_date <= '2026-06-30'\n  AND ipo_status = 'history'\n  AND currency_code = 'USD'\n  AND security_type = 'CS'\n  AND total_offer_size >= 100000000\n  AND shares_outstanding > 0\n  AND max_shares_offered > 0\n  AND max_shares_offered < shares_outstanding","computed_at":"2026-07-26T06:21:07.266243+00:00","elapsed":0.027077865}