QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.85%; Nasdaq Composite up 0.82%; Wilshire 5000 up 0.86%
• 78.6% of S&P 500 stocks were up today, with 74.1% of stocks above their 200-day moving average (DMA) and 52.9% above their 50-DMA
• Top performing sectors in the S&P 500: energy up 3.81% and industrials up 1.12%
• Bottom performing sectors in the S&P 500: utilities down -0.15% and consumer staples up 0.40%
• The number of shares in the S&P 500 traded today was 611m for a total turnover of US$ 72 bn
• The S&P 500 Value Index was up 0.9%, while the S&P 500 Growth Index was up 0.8%; the S&P small caps index was up 1.1% and mid caps were up 1.1%
• The volume on CME's INX (S&P 500 Index) was 2.1m (3-month z-score: 0.5); the 3-month average volume is 2.0m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 down -0.80%; UK FTSE 100 down -0.25%; tonight in Asia, China's CSI 300 down -0.29%, Japan's TOPIX 500 down -0.44%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 12.4%, down from 13.2%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.4%, up from 13.2%

TOP WINNERS

• Dice Therapeutics Inc (DICE), up 117.0% to $36.89 on its trading debut
• Procept Biorobotics Corp (PRCT), up 67.8% to $41.94 on its trading debut
• Tyra Biosciences Inc (TYRA), up 62.5% to $26.00 on its trading debut
• Definitive Healthcare Corp (DH), up 60.3% to $43.29 on its trading debut
• Dutch Bros Inc (BROS), up 59.5% to $36.68 on its trading debut
• GreenSky Inc (GSKY), up 53.2% to $11.90 / YTD price return: +157.0% / 12-Month Price Range: $ 3.34-11.90 / Short interest (% of float): 6.0%; days to cover: 5.8
• On Holding AG (ONON), up 45.8% to $35.00 on its trading debut
• Thoughtworks Holding Inc (TWKS), up 40.0% to $29.39 on its trading debut
• IronNet Inc (IRNT), up 37.8% to $32.13 / YTD price return: +217.5% / 12-Month Price Range: $ 9.37-32.13 / Short interest (% of float): 1.6%; days to cover: 1.3
• Instil Bio Inc (TIL), up 16.5% to $19.23 / 12-Month Price Range: $ 14.42-29.49

BIGGEST LOSERS

• Berkeley Lights Inc (BLI), down 18.7% to $26.62 / YTD price return: -70.2% / 12-Month Price Range: $ 26.62-113.53 (the stock is currently on the short sale restriction list)
• Hut 8 Mining Corp (HUT), down 15.4% to $8.77 / YTD price return: +218.9% / 12-Month Price Range: $ .59-13.00 / Short interest (% of float): 2.5%; days to cover: 0.6 (the stock is currently on the short sale restriction list)
• Danimer Scientific Inc (DNMR), down 14.6% to $14.73 / YTD price return: -37.3% / 12-Month Price Range: $ 9.75-66.30 / Short interest (% of float): 12.9%; days to cover: 4.6 (the stock is currently on the short sale restriction list)
• Melco Resorts & Entertainment Ltd (MLCO), down 13.8% to $10.30 / YTD price return: -44.5% / 12-Month Price Range: $ 10.30-23.65 / Short interest (% of float): 1.5%; days to cover: 1.5 (the stock is currently on the short sale restriction list)
• JOYY Inc (YY), down 11.3% to $55.01 / YTD price return: -31.2% / 12-Month Price Range: $ 39.11-148.88 / Short interest (% of float): 13.9%; days to cover: 4.4 (the stock is currently on the short sale restriction list)
• Canaan Inc (CAN), down 10.6% to $8.21 / YTD price return: +38.4% / 12-Month Price Range: $ 1.81-39.10 / Short interest (% of float): 5.5%; days to cover: 1.2 (the stock is currently on the short sale restriction list)
• Humacyte Inc (HUMA), down 10.6% to $13.97 / YTD price return: +37.4% / 12-Month Price Range: $ 9.12-17.45 / Short interest (% of float): 1.6%; days to cover: 3.9 (the stock is currently on the short sale restriction list)
• Ferroglobe PLC (GSM), down 9.5% to $8.28 / YTD price return: +404.9% / 12-Month Price Range: $ .47-11.25 / Short interest (% of float): 1.4%; days to cover: 0.8 (the stock is currently on the short sale restriction list)
• Lyell Immunopharma Inc (LYEL), down 9.2% to $13.18 / 12-Month Price Range: $ 13.11-19.84 / Short interest (% of float): 1.8%; days to cover: 16.3
• Youdao Inc (DAO), down 9.0% to $12.25 / YTD price return: -53.8% / 12-Month Price Range: $ 7.02-42.17 / Short interest (% of float): 3.7%; days to cover: 1.3 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• Turing Holding Corp / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: TWKS / Gross proceeds (including overallotment): US$ 773.68m (offering in U.S. Dollar) / Bookrunners: Nomura Securities International Inc, Robert W Baird & Co Inc, Cowen & Co, Goldman Sachs & Co, Wedbush Securities, Inc., William Blair & Co, RBC Capital Markets, Citigroup Global Markets Inc, Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc, JP Morgan Securities LLC, Bofa Securities Inc, Piper Sandler & Co
• Dutch Bros Inc / United States of America - Retail / Listing Exchange: New York / Ticker: BROS / Gross proceeds (including overallotment): US$ 484.21m (offering in U.S. Dollar) / Bookrunners: Robert W Baird & Co Inc, William Blair & Co, Jefferies LLC, JP Morgan Securities LLC, BofA Securities Inc, Barclays Capital Inc, Piper Sandler & Co
• Definitive Healthcare Corp / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: DH / Gross proceeds (including overallotment): US$ 350.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC
• CIIG Capital Partners II Inc / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: CIIGU / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: LionTree Advisors LLC, Barclays Capital Inc, UBS Securities LLC
• Dice Molecules Holdings LLC / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: DICE / Gross proceeds (including overallotment): US$ 204.00m (offering in U.S. Dollar) / Bookrunners: Evercore Group, SVB Leerink LLC, BofA Securities Inc
• Endurance Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: EDNCU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co
• Hangzhou Chinastars Reflective Material Co Ltd / China - Materials / Listing Exchange: ShenzChNxt / Ticker: 301077 / Gross proceeds (including overallotment): US$ 143.19m (offering in Chinese Yuan) / Bookrunners: Ping An Securities Ltd

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Academy Sports & Outdoors Inc / United States of America - Retail / Listing Exchange: Nasdaq / Ticker: ASO / Gross proceeds (including overallotment): US$ 625.79m (offering in U.S. Dollar) / Bookrunners: Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, BofA Securities Inc
• Live Nation Entertainment Inc / United States of America - Media and Entertainment / Listing Exchange: New York / Ticker: LYV / Gross proceeds (including overallotment): US$ 450.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
• APi Group Corp / United States of America - Industrials / Listing Exchange: New York / Ticker: APG / Gross proceeds (including overallotment): US$ 400.00m (offering in U.S. Dollar) / Bookrunners: Robert W Baird & Co Inc, Citigroup Global Markets Inc, RBC Capital Markets LLC, JP Morgan Securities LLC, BofA Securities Inc, Barclays Capital Inc, UBS Securities LLC
• CS Disco Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: LAW / Gross proceeds (including overallotment): US$ 291.50m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC, BofA Securities Inc
• Leslies Inc / United States of America - Consumer Products and Services / Listing Exchange: Nasdaq / Ticker: LESL / Gross proceeds (including overallotment): US$ 286.00m (offering in U.S. Dollar) / Bookrunners: Nomura Securities International Inc, Goldman Sachs & Co, Jefferies LLC, Morgan Stanley & Co LLC, BofA Securities Inc
• BRP Group Inc / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: BRP / Gross proceeds (including overallotment): US$ 244.00m (offering in U.S. Dollar) / Bookrunners: William Blair & Co, Wells Fargo Securities LLC, Jefferies LLC, Morgan Stanley & Co LLC, JP Morgan Securities LLC, BofA Securities Inc
• Academy Sports & Outdoors Inc / United States of America - Retail / Listing Exchange: Nasdaq / Ticker: ASO / Gross proceeds (including overallotment): US$ 208.60m (offering in U.S. Dollar) / Bookrunners: KKR Capital Markets LLC
• Demae-can Co Ltd / Japan - High Technology / Listing Exchange: Jasdaq Std / Ticker: 2484 / Gross proceeds (including overallotment): US$ 623.40m (offering in Japanese Yen) / Bookrunners: Directly Placed
• Demae-can Co Ltd / Japan - High Technology / Listing Exchange: Jasdaq Std / Ticker: 2484 / Gross proceeds (including overallotment): US$ 305.41m (offering in Japanese Yen) / Bookrunners: JP Morgan Securities Plc
• Embassy Office Parks Real Estate Investment Trust / India - Real Estate / Listing Exchange: National / Ticker: EMBASS / Gross proceeds (including overallotment): US$ 275.67m (offering in Indian Rupee) / Bookrunners: JP Morgan Chase & Co, Axis Bank Ltd
• The Renewables Infrastructure Group Ltd / Guernsey - Financials / Listing Exchange: London / Ticker: TRIG / Gross proceeds (including overallotment): US$ 273.63m (offering in British Pound) / Bookrunners: Liberum Capital, Investec Bank PLC