IPO — IPO Calendar

IPO is the calendar of initial public offerings — recently priced + upcoming + withdrawn + postponed. The institutional-terminal IPO function equivalent. Adds a Sharpnel- specific differentiator: the above-range % demand barometer that quantifies whether the IPO market is hot, normal, or soft.

The IPO calendar is a leading indicator for the rest of the equity market. When the above-range % is rising and first-day pops are double-digit, equity-risk appetite is flowing. When IPOs withdraw and pops collapse, equity-risk appetite is fading — usually weeks before the broader market notices.

• Palette: add ipo or add newissues.
• Universe-level (no symbol needed) — ipo alone opens the calendar.

• Hero strip — five summary aggregates: PRICED 30D count, EXPECTED 30D count, RAISED 30D ($), AVG FIRST-DAY POP %, ABOVE-RANGE % with HOT-MARKET / STRONG / NORMAL / SOFT classifier.
• Calendar table — sortable rows with date, ticker, company, sector, status (PRICED / EXPECTED / WITHDRAWN / POSTPONED color-coded), price range with final-price arrow (↑ above range, ↓ below, · in range), total raise size, first-day pop %, lead bookrunner.
• Drill-down mnemonics — EE (earnings calendar), CAL (economic events), UOA (unusual options), MOVERS (market movers).

• PRICED (positive teal) — already priced and trading. Has a final price + first-day close.
• EXPECTED (text) — S-1 filed and the underwriting syndicate has indicated a pricing window. Typically 1-3 weeks out.
• WITHDRAWN (negative red) — filed but pulled before pricing. Usually a sign that demand was weak or market conditions deteriorated.
• POSTPONED (warning amber) — pricing pushed but not formally withdrawn. Often a one-week-or-two delay; sometimes a multi-quarter pause.

The above-range % is the most actionable single number on the panel. It measures the fraction of recently-priced IPOs that priced ABOVE the upper end of their indicated range — a cleaner demand signal than first-day pop (which can be inflated by allocations dynamics).

• HOT MARKET (≥50%) — half or more of pricings are above range. Strong appetite for new issuance. Risk-on regime; equity multiples expand.
• STRONG (30-50%) — healthy demand. Standard bull-market reading.
• NORMAL (15-30%) — average IPO market. Mid-cycle.
• SOFT (<15%) — most pricings landing in or below range. Underwriters are absorbing weak demand. Often a precursor to risk-off in the broader equity market.

The cluster of WITHDRAWN entries in the table is the secondary tell — when 2+ IPOs withdraw in the same week, the IPO market has effectively closed. Historically that pattern coincides with VIX above 25 and equity drawdowns underway.

Three use cases:

• Morning research check — what's pricing this week? Big deals (≥$1B) draw secondary-market liquidity that affects the broader tape. Knowing what's priced before the open prevents being surprised by an unrelated name moving on syndicate flow.
• Equity-risk regime read — above-range % trending up over multiple weeks = improving risk appetite. Trending down with rising withdrawals = deteriorating risk appetite. Read alongside credit spreads and VIX for confirmation.
• Sector rotation signal — if 4 of 5 priced IPOs in a week are tech / AI, that's where the bid is. Pair with the Sector Rotation panel for full context.

• EE — earnings calendar. The other forward-looking event calendar; pair with IPO for the full week-ahead schedule.
• UOA — unusual options activity. New IPOs sometimes show heavy options flow on the first available expiry; UOA flags it.
• DES — once an IPO prices and starts trading, DES is the orientation panel for researching the new ticker.
• Sector Rotation — pair with the IPO sector mix to confirm which sector is attracting risk capital.