QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.82%; Nasdaq Composite up 0.92%; Wilshire 5000 up 0.93%
• 74.1% of S&P 500 stocks were up today, with 86.9% of stocks above their 200-day moving average (DMA) and 50.5% above their 50-DMA
• Top performing sectors in the S&P 500: energy up 3.53% and financials up 1.71%
• Bottom performing sectors in the S&P 500: utilities down -1.10% and real estate down -0.35%
• The number of shares in the S&P 500 traded today was 559m for a total turnover of US$ 62 bn
• The S&P 500 Value Index was up 1.1%, while the S&P 500 Growth Index was up 0.6%; the S&P small caps index was up 1.7% and mid caps were up 1.2%
• The volume on CME's INX (S&P 500 Index) was 2.1m (3-month z-score: 0.0); the 3-month average volume is 2.1m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 up 1.65%; UK FTSE 100 up 1.70%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 12.3%, down from 13.6%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 14.6%, down from 15.7%

TOP WINNERS

• Studio City International Holdings Ltd (MSC), up 35.9% to $12.95 / YTD price return: +9.1% / 12-Month Price Range: $ 8.53-27.00 / Short interest days to cover: 1.8 (the stock is currently on the short sale restriction list)
• Cassava Sciences Inc (SAVA), up 29.5% to $117.60 / YTD price return: +1,624.3% / 12-Month Price Range: $ 2.78-117.54
• CS Disco Inc (LAW), up 28.1% to $41.00 on its trading debut
• Daqo New Energy Corp (DQ), up 20.1% to $79.38 / YTD price return: +38.4% / 12-Month Price Range: $ 18.22-130.33 / Short interest (% of float): 10.0%; days to cover: 2.3
• Meta Materials Inc (MMAT), up 20.1% to $3.83 / YTD price return: +173.6% / 12-Month Price Range: $ .42-21.76 / Short interest (% of float): 8.6%; days to cover: 0.6
• Kaltura Inc (KLTR), up 20.0% to $12.00 on its trading debut
• Apollo Medical Holdings Inc (AMEH), up 19.0% to $102.45 / YTD price return: +460.8% / 12-Month Price Range: $ 15.11-92.74
• VTEX (VTEX), up 16.7% to $22.18 on its trading debut
• Peabody Energy Corp (BTU), up 16.7% to $10.63 / YTD price return: +341.1% / 12-Month Price Range: $ .80-11.79
• Lands End Inc (LE), up 16.6% to $43.05 / YTD price return: +99.6% / 12-Month Price Range: $ 7.85-42.10 / Short interest (% of float): 6.5%; days to cover: 3.6

BIGGEST LOSERS

• Sleep Number Corp (SNBR), down 12.9% to $97.78 / YTD price return: +19.4% / 12-Month Price Range: $ 42.15-151.44 (the stock is currently on the short sale restriction list)
• Healthcare Services Group Inc (HCSG), down 12.4% to $26.92 / YTD price return: -4.2% / 12-Month Price Range: $ 20.05-35.80 (the stock is currently on the short sale restriction list)
• SGOCO Group Ltd (SGOC), down 12.0% to $11.25 / YTD price return: +675.9% / 12-Month Price Range: $ .77-29.00 / Short interest (% of float): 0.7%; days to cover: 5.2 (the stock is currently on the short sale restriction list)
• Autohome Inc (ATHM), down 7.3% to $52.99 / YTD price return: -46.8% / 12-Month Price Range: $ 57.07-147.67
• Harley-Davidson Inc (HOG), down 7.2% to $40.65 / YTD price return: +10.8% / 12-Month Price Range: $ 22.56-52.06
• Alector Inc (ALEC), down 6.9% to $30.28 / YTD price return: +100.1% / 12-Month Price Range: $ 9.12-43.32
• Edgewise Therapeutics Inc (EWTX), down 6.9% to $20.42 / 12-Month Price Range: $ 18.41-40.49 / Short interest (% of float): 4.0%; days to cover: 7.3
• Shift4 Payments Inc (FOUR), down 6.1% to $86.08 / YTD price return: +14.2% / 12-Month Price Range: $ 34.24-104.11 / Short interest (% of float): 12.0%; days to cover: 6.8
• Newegg Commerce Inc (NEGG), down 6.0% to $27.18 / YTD price return: +554.9% / 12-Month Price Range: $ 2.76-79.07 / Short interest (% of float): 3.3%; days to cover: 0.4
• Lyell Immunopharma Inc (LYEL), down 6.0% to $15.70 / 12-Month Price Range: $ 14.98-18.90 / Short interest (% of float): 0.6%; days to cover: 1.3

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• Paycor HCM Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: PYCR / Gross proceeds (including overallotment): US$ 425.50m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC
• Portage Fintech Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: PFTAU / Gross proceeds (including overallotment): US$ 240.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Scotia Capital (USA) Inc., BTIG LLC
• CS Disco Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: LAW / Gross proceeds (including overallotment): US$ 224.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc, Jefferies LLC, JP Morgan Securities LLC, Bofa Securities Inc
• Athena Consumer Acquisition Corp / United States of America - Financials / Listing Exchange: New York / Ticker: ACAQ.U / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc
• Kaltura Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: KLTR / Gross proceeds (including overallotment): US$ 150.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Bofa Securities Inc
• Bridgepoint Group Plc / United Kingdom - Financials / Listing Exchange: London / Ticker: BPT / Gross proceeds (including overallotment): US$ 1,075.08m (offering in British Pound) / Bookrunners: Merrill Lynch International Ltd, BNP Paribas SA, Citigroup Global Markets Ltd, JP Morgan Cazenove, Morgan Stanley & Co. International plc
• Multilaser Industrial SA / Brazil - High Technology / Listing Exchange: BOVESPA / Ticker: MLAS3 / Gross proceeds (including overallotment): US$ 366.38m (offering in Brazilian Real) / Bookrunners: Banco Itau-BBA SA, XP Investimentos, Banco J Safra SA, Bank of America Merrill Lynch Banco Multiplo SA, Ubs Brasil Administradora de Valores Mobiliarios Ltda
• VTEX / United Kingdom - High Technology / Listing Exchange: New York / Ticker: VTEX / Gross proceeds (including overallotment): US$ 361.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, KeyBanc Capital Markets Inc, Itau BBA USA Securities Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Bofa Securities Inc
• Guobang Pharma Ltd / China - Healthcare / Listing Exchange: Shanghai / Ticker: 605507 / Gross proceeds (including overallotment): US$ 294.72m (offering in Chinese Yuan) / Bookrunners: Guotai Junan Securities
• SK REITS Co Ltd / South Korea - Real Estate / Listing Exchange: Korea / Ticker: - / Gross proceeds (including overallotment): US$ 202.07m (offering in Korean Won) / Bookrunners: To Be Announced

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Signature Bank / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: SBNY / Gross proceeds (including overallotment): US$ 667.00m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, Bofa Securities Inc
• Shift4 Payments Inc / United States of America - Financials / Listing Exchange: New York / Ticker: FOUR / Gross proceeds (including overallotment): US$ 616.14m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Credit Suisse Securities (USA) LLC
• National Storage Affiliates Trust / United States of America - Real Estate / Listing Exchange: New York / Ticker: NSA / Gross proceeds (including overallotment): US$ 451.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc, Wells Fargo Securities LLC, Jefferies LLC, Morgan Stanley & Co LLC, Bofa Securities Inc
• Cytokinetics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: CYTK / Gross proceeds (including overallotment): US$ 275.00m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, JP Morgan Securities LLC
• WuXi Biologics (Cayman) Inc / China - Healthcare / Listing Exchange: Hong Kong / Ticker: 2269 / Gross proceeds (including overallotment): US$ 1,327.71m (offering in Hong Kong Dollar) / Bookrunners: Morgan Stanley
• Grupo de Moda Soma SA / Brazil - Retail / Listing Exchange: BOVESPA / Ticker: SOMA3 / Gross proceeds (including overallotment): US$ 169.22m (offering in Brazilian Real) / Bookrunners: Banco Santander Brasil SA, Banco Itau-BBA SA, Banco BTG Pactual SA, XP Investimentos, Bank of America Merrill Lynch Banco Multiplo SA