IPOs

A company going public files two documents with the SEC that matter here:

1. A registration statement (Form S-1) when it first files to go public. Market Rodeo calls this stage Filed.
2. A final prospectus once the IPO price is set. We call this stage Priced.

What counts as an IPO

We only send IPO alerts for companies going public for the first time:

• Companies that have already filed annual or quarterly reports are skipped. Their new share offerings are not IPOs.
• Updated versions of a registration statement and withdrawn IPOs don't send an alert.
• Each IPO is tagged with its type: Operating (a regular company), SPAC (a blank-check company that raises money to buy a business later) or Fund (an ETF, trust or similar fund).

When you get an alert

We check the SEC every few minutes, so an alert usually arrives within minutes of the filing appearing.

What the alerts show

With Stage set to Any, you get one alert when the company files and another when it prices. See IPO filters.

IPO filed

• Title: "IPO filed", for example "Example Corp filed to go public".
• Symbol, when the company already has one.
• Type: Operating company, SPAC or Fund.
• Sector, the company's industry as listed by the SEC, when known.
• A link to the filing on the SEC website.

A filed alert has no price, deal size or trade date. Those are set later, when the IPO is priced.

IPO priced

• Title: "IPO priced", for example "Example Corp priced its IPO".
• Symbol, Price (the offer price per share) and Deal size (the total raised).
• First trade (expected): the next business day after the final prospectus is filed. It's an estimate: the shares can start trading earlier or later, and market holidays aren't taken into account.
• A link to the filing on the SEC website.

Browsing IPOs

The IPO page lists filed and priced IPOs. Priced rows show the offer price, deal size, exchange and expected trade date; rows that are still at the filing stage show the expected price range when the company has given one. Hover over a company name to see a short description of the business.