QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -0.16%; Nasdaq Composite up 0.13%; Wilshire 5000 down -0.03%
• 38.0% of S&P 500 stocks were up today, with 72.5% of stocks above their 200-day moving average (DMA) and 50.5% above their 50-DMA
• Top performing sectors in the S&P 500: consumer discretionary up 0.44% and real estate up 0.16%
• Bottom performing sectors in the S&P 500: materials down -1.09% and energy down -1.06%
• The number of shares in the S&P 500 traded today was 532m for a total turnover of US$ 62 bn
• The S&P 500 Value Index was down -0.3%, while the S&P 500 Growth Index was down 0.0%; the S&P small caps index was down -0.3% and mid caps were down -0.2%
• The volume on CME's INX (S&P 500 Index) was 1.8m (3-month z-score: -0.4); 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 up 0.44%; UK FTSE 100 up 0.16%; tonight in Asia, China's CSI 300 up 0.27%, Japan's TOPIX 500 up 0.23%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 12.7%, up from 12.4%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.8%, up from 13.4%

TOP WINNERS

• Offerpad Solutions Inc (OPAD), up 58.7% to $19.97 / YTD price return: +81.5% / 12-Month Price Range: $ 8.20-19.97 / Short interest (% of float): 2.7%; days to cover: 11.8
• ForgeRock Inc (FORG), up 46.0% to $36.50 on its trading debut
• Aeye Inc (LIDR), up 36.5% to $9.83 / 12-Month Price Range: $ 7.00-14.49 / Short interest (% of float): 0.4%; days to cover: 1.3
• Dutch Bros Inc (BROS), up 30.9% to $48.00 / 12-Month Price Range: $ 32.42-48.00
• IronNet Inc (IRNT), up 28.9% to $41.40 / YTD price return: +309.1% / 12-Month Price Range: $ 9.37-41.40 / Short interest (% of float): 1.6%; days to cover: 1.3
• Arqit Quantum Inc (ARQQ), up 26.5% to $17.95 / 12-Month Price Range: $ 8.00-26.00 / Short interest (% of float): 0.3%; days to cover: 0.6
• Blacksky Technology Inc (BKSY), up 21.4% to $12.80 / YTD price return: +22.3% / 12-Month Price Range: $ 9.67-17.47 / Short interest (% of float): 16.0%; days to cover: 13.1
• Cellebrite DI Ltd (CLBT), up 19.8% to $12.15 / YTD price return: +15.4% / 12-Month Price Range: $ 9.19-12.15 / Short interest (% of float): 1.2%; days to cover: 5.5
• Lightwave Logic Inc (LWLG), up 18.2% to $11.97 / 12-Month Price Range: $ .56-17.24 / Short interest (% of float): 1.0%; days to cover: 1.7
• Spire Global Inc (SPIR), up 16.9% to $11.41 / YTD price return: +14.0% / 12-Month Price Range: $ 8.27-12.85 / Short interest (% of float): 0.6%; days to cover: 1.9

BIGGEST LOSERS

• MacroGenics Inc (MGNX), down 23.8% to $20.99 / YTD price return: -8.2% / 12-Month Price Range: $ 18.16-36.48 / Short interest (% of float): 6.6%; days to cover: 9.3 (the stock is currently on the short sale restriction list)
• Procept Biorobotics Corp (PRCT), down 14.4% to $35.91 / 12-Month Price Range: $ 33.56-44.19 (the stock is currently on the short sale restriction list)
• Berkeley Lights Inc (BLI), down 11.6% to $23.53 / YTD price return: -73.7% / 12-Month Price Range: $ 23.53-113.53 / Short interest (% of float): 8.2%; days to cover: 5.2 (the stock is currently on the short sale restriction list)
• Lyell Immunopharma Inc (LYEL), down 11.5% to $11.66 / 12-Month Price Range: $ 11.66-19.84 / Short interest (% of float): 1.8%; days to cover: 16.3 (the stock is currently on the short sale restriction list)
• GH Research PLC (GHRS), down 11.3% to $20.70 / 12-Month Price Range: $ 15.08-26.91 / Short interest (% of float): 3.7%; days to cover: 17.3 (the stock is currently on the short sale restriction list)
• Coeur Mining Inc (CDE), down 11.3% to $6.29 / YTD price return: -39.2% / 12-Month Price Range: $ 6.09-12.60 / Short interest (% of float): 2.6%; days to cover: 2.1 (the stock is currently on the short sale restriction list)
• Seer Inc (SEER), down 10.9% to $36.13 / YTD price return: -35.6% / 12-Month Price Range: $ 26.48-86.55 / Short interest (% of float): 8.9%; days to cover: 10.5 (the stock is currently on the short sale restriction list)
• Absci Corp (ABSI), down 9.5% to $12.64 / 12-Month Price Range: $ 13.68-31.53 / Short interest (% of float): 2.1%; days to cover: 3.7 (the stock is currently on the short sale restriction list)
• Peabody Energy Corp (BTU), down 8.0% to $15.55 / YTD price return: +545.2% / 12-Month Price Range: $ .80-19.83 / Short interest (% of float): 8.1%; days to cover: 1.3
• Original BARK Co (BARK), down 7.9% to $7.39 / YTD price return: -49.2% / 12-Month Price Range: $ 6.70-19.54 / Short interest (% of float): 5.9%; days to cover: 4.1

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• ForgeRock Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: FORG / Gross proceeds (including overallotment): US$ 275.00m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, JP Morgan Securities LLC
• Enact Holdings Inc / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: ACT / Gross proceeds (including overallotment): US$ 252.90m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, Bofa Securities Inc
• Rose Hill Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: ROSEU / Gross proceeds (including overallotment): US$ 125.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co
• Antin Infrastructure Partners SA / France - Financials / Listing Exchange: Euro Paris / Ticker: ANTIN / Gross proceeds (including overallotment): US$ 714.02m (offering in EURO) / Bookrunners: BNP Paribas SA, BofA Securities Europe SA, JP Morgan AG, Citigroup Global Markets Europe AG, Morgan Stanley Europe SE

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• FIGS Inc / United States of America - Media and Entertainment / Listing Exchange: New York / Ticker: FIGS / Gross proceeds (including overallotment): US$ 358.93m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co LLC, Barclays Capital Inc
• Metropolitan Bank Holding Corp / United States of America - Financials / Listing Exchange: New York / Ticker: MCB / Gross proceeds (including overallotment): US$ 150.00m (offering in U.S. Dollar) / Bookrunners: Keefe Bruyette & Woods Inc, JP Morgan Securities LLC
• Callaway Golf Co / United States of America - Consumer Products and Services / Listing Exchange: New York / Ticker: ELY / Gross proceeds (including overallotment): US$ 117.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC, Bofa Securities Inc
• Worley Ltd / Australia - Industrials / Listing Exchange: Australia / Ticker: WOR / Gross proceeds (including overallotment): US$ 370.05m (offering in Australian Dollar) / Bookrunners: Citigroup Global Markets Australia
• Vulcan Energy Resources Ltd / Australia - Materials / Listing Exchange: Australia / Ticker: VUL / Gross proceeds (including overallotment): US$ 146.68m (offering in Australian Dollar) / Bookrunners: Goldman Sachs (Australia), Canaccord Genuity (Australia) Ltd