{"id":21009,"date":"2026-07-19T08:47:07","date_gmt":"2026-07-18T23:47:07","guid":{"rendered":"https:\/\/tomorrowaccess.com\/?page_id=21009"},"modified":"2026-10-27T22:18:51","modified_gmt":"2026-10-27T13:18:51","slug":"s1-scoreboard","status":"publish","type":"page","link":"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/s1-scoreboard","title":{"rendered":"Scoreboard \u2014 If you had invested $1,000 on IPO day"},"content":{"rendered":"<style>html,body{max-width:100vw !important;overflow-x:hidden !important;}main,main>.entry-content,main>.wp-block-post-content,main>.wp-block-post-content.is-layout-constrained,main>.wp-block-post-content.is-layout-constrained>*,main .wp-block-group,main .wp-block-post-content{max-width:100% !important;padding-left:0 !important;padding-right:0 !important;margin-left:0 !important;margin-right:0 !important;}main#wp--skip-link--target{padding:0 !important;margin-top:0 !important;max-width:100% !important;}@media (max-width:720px){h1,h2,h3,p,li,td,th,div,a{word-break:normal !important;line-break:auto !important;overflow-wrap:anywhere !important;}}main .wp-block-post-content>.alignfull{margin-left:calc(-1*var(--wp--style--root--padding-left,20px)) !important;margin-right:calc(-1*var(--wp--style--root--padding-right,20px)) !important;max-width:none !important;width:auto !important;}<\/style>\n<div class=\"alignfull\" style=\"background:#fafafa;width:100%;color:#0a0a0a;\">\n<div style=\"border-bottom:1px solid #e6e6e6;\">\n<div style=\"max-width:960px;margin:0 auto;padding:22px 20px;display:flex;align-items:baseline;gap:16px;flex-wrap:wrap;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\" style=\"text-decoration:none;color:#0a0a0a;\"><span style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:21px;font-weight:700;\">S-1 Journal<\/span><\/a><span style=\"color:#cfcfcf;\">|<\/span><span style=\"font-size:12px;letter-spacing:0.18em;color:#daa241;font-weight:700;\">Verification \u00b7 Scoreboard<\/span><span style=\"font-size:12px;color:#6f6f6f;margin-left:auto;\">Winners and misses, recorded as they are.<\/span><\/div>\n<\/div>\n<div style=\"font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;max-width:960px;margin:0 auto;padding:70px 20px 60px;\">\n<div style=\"font-size:12px;letter-spacing:0.3em;color:#daa241;font-weight:700;\">SCOREBOARD \u2014 THE ANSWER KEY<\/div>\n<h1 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:54px;font-weight:700;line-height:1.3;margin:18px 0 26px;color:#0a0a0a;word-break:keep-all;line-break:strict;\">If you had invested<br \/><span style=\"color:#daa241;\">$1,000<\/span> on IPO day<\/h1>\n<p style=\"font-size:17px;line-height:1.9;letter-spacing:0;color:#0a0a0a;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Assume you bought <strong>$1,000 at the first-day closing price<\/strong> of each company S-1 Journal has decoded. Assume you put <strong>$1,000 into the S&amp;P 500<\/strong> that same day \u2014 then let the market keep score. <strong>Not a forecast. A reckoning.<\/strong><\/p>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Snapshot as of 2026-10-27 13:14 UTC \u00b7 Prices adjusted for splits &amp; dividends \u00b7 S&amp;P 500 = total return index (dividends included)<\/p>\n<div style=\"display:flex;gap:20px;flex-wrap:wrap;margin:40px 0 6px;\">\n<div style=\"flex:1;min-width:280px;background:#fff;border:1px solid #e6e6e6;padding:22px 18px 14px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;\">Debut heat<\/div>\n<div style=\"display:flex;justify-content:space-between;align-items:baseline;margin:10px 0 4px;flex-wrap:wrap;gap:6px;\">\n<div style=\"font-size:14px;font-weight:700;\">$1,000 in Figma<\/div>\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:24px;font-weight:700;color:#daa241;\">$204<\/div>\n<\/div>\n<div style=\"font-size:12px;color:#6f6f6f;margin-bottom:10px;\">S&amp;P 500: $1,229 <span style=\"color:#b0b0b0;\">&#8211; &#8211; &#8211;<\/span><\/div>\n<div style=\"overflow-x:auto;\"><svg width=\"430\" height=\"240\" viewBox=\"0 0 430 240\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,55.6 7.8,55.6 14.6,51.2 21.4,54.4 28.2,49.9 35.0,50.5 41.8,46.9 48.6,44.2 55.3,44.8 62.1,42.3 68.9,47.8 75.7,44.0 82.5,39.6 89.3,38.0 96.1,41.7 102.9,41.5 109.7,45.8 116.5,38.6 123.3,37.4 130.1,38.3 136.9,36.2 143.7,35.6 150.5,34.6 157.3,34.4 164.0,34.8 170.8,32.9 177.6,38.7 184.4,37.4 191.2,34.7 198.0,35.7 204.8,40.4 211.6,43.9 218.4,48.2 225.2,52.8 232.0,44.5 238.8,35.1 245.6,27.4 252.4,25.2 259.2,24.2 266.0,16.9 272.7,17.2 279.5,13.1 286.3,10.0 293.1,17.5 299.9,13.2 306.7,18.4 313.5,14.0 320.3,11.9 327.1,12.2 333.9,16.5 340.7,15.5 347.5,6.1 354.3,3.0 361.1,8.3 367.9,5.2 374.7,4.5 381.4,7.5 388.2,7.7 395.0,4.5 401.8,5.1 408.6,2.0 415.4,7.2 422.2,8.4 429.0,6.6\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,55.6 7.8,124.8 14.6,128.4 21.4,135.0 28.2,137.8 35.0,168.3 41.8,171.6 48.6,164.6 55.3,171.9 62.1,171.6 68.9,156.7 75.7,164.6 82.5,171.0 89.3,177.6 96.1,188.0 102.9,198.6 109.7,206.4 116.5,203.9 123.3,200.2 130.1,205.0 136.9,197.3 143.7,200.3 150.5,201.0 157.3,210.0 164.0,217.4 170.8,219.9 177.6,228.9 184.4,229.3 191.2,221.7 198.0,215.6 204.8,216.1 211.6,221.8 218.4,226.1 225.2,232.7 232.0,230.4 238.8,234.5 245.6,234.8 252.4,238.0 259.2,233.1 266.0,232.9 272.7,224.9 279.5,229.4 286.3,225.0 293.1,232.1 299.9,236.8 306.7,235.5 313.5,234.0 320.3,228.8 327.1,226.7 333.9,233.0 340.7,226.0 347.5,225.6 354.3,221.2 361.1,219.4 367.9,213.3 374.7,223.3 381.4,227.1 388.2,228.0 395.0,231.4 401.8,230.5 408.6,228.4 415.4,230.2 422.2,224.4 429.0,226.5\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"3\"\/><\/svg><\/div>\n<div style=\"display:flex;justify-content:space-between;font-size:11px;color:#6f6f6f;margin-top:8px;flex-wrap:wrap;\"><span>2025-07-31 \u00b7 IPO day<\/span><span>2026-10-26 \u00b7 Yr 1<\/span><\/div>\n<\/div>\n<div style=\"flex:1;min-width:280px;background:#fff;border:1px solid #e6e6e6;padding:22px 18px 14px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;\">Time&#8217;s answer<\/div>\n<div style=\"display:flex;justify-content:space-between;align-items:baseline;margin:10px 0 4px;flex-wrap:wrap;gap:6px;\">\n<div style=\"font-size:14px;font-weight:700;\">$1,000 in Tesla<\/div>\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:24px;font-weight:700;color:#daa241;\">$245,889<\/div>\n<\/div>\n<div style=\"font-size:12px;color:#6f6f6f;margin-bottom:10px;\">S&amp;P 500: $9,943 <span style=\"color:#b0b0b0;\">&#8211; &#8211; &#8211;<\/span><\/div>\n<div style=\"overflow-x:auto;\"><svg width=\"430\" height=\"240\" viewBox=\"0 0 430 240\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,237.9 8.0,237.8 15.0,237.7 22.0,237.6 29.1,237.6 36.1,237.7 43.1,237.6 50.1,237.6 57.1,237.5 64.1,237.5 71.2,237.4 78.2,237.3 85.2,237.2 92.2,237.1 99.2,237.1 106.2,236.9 113.3,236.9 120.3,236.9 127.3,236.8 134.3,236.8 141.3,236.8 148.3,236.9 155.4,236.7 162.4,236.7 169.4,236.5 176.4,236.4 183.4,236.4 190.4,236.2 197.5,235.9 204.5,236.1 211.5,235.9 218.5,235.9 225.5,235.9 232.5,235.9 239.6,235.7 246.6,235.5 253.6,236.4 260.6,235.6 267.6,235.2 274.6,234.7 281.7,234.3 288.7,234.0 295.7,233.8 302.7,233.9 309.7,234.3 316.7,234.2 323.8,234.3 330.8,234.5 337.8,233.9 344.8,233.9 351.8,233.4 358.8,233.0 365.9,232.5 372.9,232.2 379.9,231.9 386.9,232.1 393.9,231.4 400.9,231.0 408.0,230.9 415.0,230.2 422.0,229.9 429.0,229.8\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,237.9 8.0,238.0 15.0,237.8 22.0,237.8 29.1,237.8 36.1,237.7 43.1,237.6 50.1,237.7 57.1,237.6 64.1,237.5 71.2,237.3 78.2,234.8 85.2,231.8 92.2,233.1 99.2,231.1 106.2,230.5 113.3,229.9 120.3,230.8 127.3,229.7 134.3,229.2 141.3,230.5 148.3,231.7 155.4,229.9 162.4,231.4 169.4,230.9 176.4,228.3 183.4,227.0 190.4,225.4 197.5,225.5 204.5,227.7 211.5,225.9 218.5,225.6 225.5,227.8 232.5,231.7 239.6,230.1 246.6,225.5 253.6,222.6 260.6,202.5 267.6,160.4 274.6,85.5 281.7,103.0 288.7,117.0 295.7,10.5 302.7,64.6 309.7,94.9 316.7,70.4 323.8,128.4 330.8,140.5 337.8,91.1 344.8,98.8 351.8,98.0 358.8,141.4 365.9,97.5 372.9,117.7 379.9,21.3 386.9,58.3 393.9,52.1 400.9,2.0 408.0,8.9 415.0,12.6 422.0,32.3 429.0,16.8\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"3\"\/><\/svg><\/div>\n<div style=\"display:flex;justify-content:space-between;font-size:11px;color:#6f6f6f;margin-top:8px;flex-wrap:wrap;\"><span>2010-06-29 \u00b7 IPO day<\/span><span>2026-10-26 \u00b7 Yr 17<\/span><\/div>\n<\/div>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Opening-day heat tells you almost nothing about the long-run answer. So this page records both, on the same yardstick \u2014 the S&amp;P 500 and $1,000.<\/p>\n<div style=\"margin:40px 0 8px;\">\n<div style=\"font-size:11px;letter-spacing:0.18em;color:#6f6f6f;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;margin-bottom:10px;\">PORTFOLIO \u2014 $1,000 in each<\/div>\n<div style=\"overflow-x:auto;background:#fff;border:1px solid #e6e6e6;\">\n<table style=\"border-collapse:collapse;width:100%;min-width:620px;\">\n<tr>\n<th style=\"padding:12px 14px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Group<\/th>\n<th style=\"padding:12px 14px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Invested<\/th>\n<th style=\"padding:12px 14px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Now<\/th>\n<th style=\"padding:12px 14px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">S&amp;P 500<\/th>\n<th style=\"padding:12px 14px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Beats S&amp;P 500<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><span style=\"font-weight:700;\">2024\u201326<\/span> <span style=\"font-size:12px;color:#6f6f6f;\">Recent listings \u00b7 11 cos<\/span><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$11,000<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:16px;font-family:'Hiragino Mincho ProN','Yu Mincho',serif;\">$9,849<\/strong><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$11,684<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">3 \/ 11<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><span style=\"font-weight:700;\">Earlier<\/span> <span style=\"font-size:12px;color:#6f6f6f;\">2023 &#038; earlier \u00b7 6 cos<\/span><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$6,000<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:16px;font-family:'Hiragino Mincho ProN','Yu Mincho',serif;\">$395,464<\/strong><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$34,849<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">4 \/ 6<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><span style=\"font-weight:900;\">Total<\/span> <span style=\"font-size:12px;color:#6f6f6f;\">17 cos<\/span><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$17,000<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:20px;font-family:'Hiragino Mincho ProN','Yu Mincho',serif;\">$405,313<\/strong><\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$46,533<\/td>\n<td style=\"padding:16px 14px;font-size:15px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">7 \/ 17<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Of the $405,313 total, about 92% is carried by just two names \u2014 Tesla and Google (Alphabet). Even with a few outsized winners, only 7 of 17 names beat the S&amp;P 500 \u2014 and it all sits on the same table.<\/p>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">CLASS OF 2026<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">2026<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">9 listed in 2026. Still early \u2014 the verdict is not yet set.<\/p>\n<\/div>\n<div style=\"overflow-x:auto;margin:6px 0 14px;\">\n<table style=\"border-collapse:collapse;width:100%;min-width:700px;\">\n<tr>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Company<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">IPO date<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Trend<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,000 \u2192 now<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">S&amp;P 500<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">vs S&amp;P 500<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Age<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Off peak<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/freenome-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Freenome<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-07-20<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,20.8 2.6,20.5 4.1,20.5 5.7,21.0 7.3,21.0 8.8,21.0 10.4,20.9 12.0,21.6 13.5,20.9 15.1,20.6 16.7,19.9 18.2,19.1 19.8,19.2 21.3,19.3 22.9,19.0 24.5,19.0 26.0,19.2 27.6,19.0 29.2,18.7 30.7,18.8 32.3,19.0 33.9,19.4 35.4,19.3 37.0,19.6 38.6,19.4 40.1,19.6 41.7,19.4 43.3,19.4 44.8,19.1 46.4,19.2 48.0,19.4 49.5,19.7 51.1,19.5 52.7,19.0 54.2,19.2 55.8,19.4 57.3,19.6 58.9,19.9 60.5,19.5 62.0,19.7 63.6,19.9 65.2,20.1 66.7,19.6 68.3,19.5 69.9,18.9 71.4,18.9 73.0,19.2 74.6,19.2 76.1,19.0 77.7,19.3 79.3,19.4 80.8,19.5 82.4,19.4 84.0,19.1 85.5,18.8 87.1,18.5 88.7,18.6 90.2,18.8 91.8,18.6 93.3,18.6 94.9,18.6 96.5,19.1 98.0,19.0 99.6,19.5 101.2,19.3 102.7,19.1 104.3,18.9 105.9,19.4 107.4,19.7 109.0,19.3\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,20.8 2.6,17.0 4.1,16.5 5.7,19.9 7.3,23.4 8.8,22.9 10.4,25.2 12.0,27.7 13.5,28.0 15.1,23.8 16.7,24.3 18.2,24.6 19.8,24.6 21.3,24.6 22.9,23.8 24.5,22.0 26.0,20.7 27.6,22.3 29.2,22.1 30.7,22.3 32.3,17.0 33.9,15.4 35.4,14.7 37.0,15.1 38.6,14.1 40.1,14.2 41.7,13.4 43.3,13.0 44.8,13.6 46.4,10.5 48.0,10.5 49.5,8.8 51.1,6.2 52.7,2.8 54.2,4.9 55.8,6.1 57.3,7.0 58.9,10.5 60.5,12.0 62.0,9.9 63.6,11.0 65.2,10.7 66.7,5.0 68.3,2.0 69.9,3.9 71.4,4.4 73.0,7.1 74.6,6.0 76.1,6.1 77.7,5.4 79.3,6.3 80.8,7.0 82.4,7.4 84.0,4.9 85.5,3.0 87.1,4.7 88.7,5.9 90.2,6.7 91.8,6.9 93.3,16.2 94.9,18.3 96.5,20.0 98.0,19.6 99.6,21.6 101.2,18.6 102.7,13.1 104.3,13.3 105.9,16.6 107.4,17.8 109.0,18.0\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$1,064<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,034<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~3 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-26%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/reformation-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Reformation<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/reformation-q2-2026\/\" title=\"More customers, lower spend per customer. The first earnings report explains it in the same terms the prospectus had used\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-07-30<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,11.5 2.8,11.0 4.5,9.7 6.3,8.2 8.1,8.4 9.9,8.5 11.6,8.0 13.4,8.0 15.2,8.3 16.9,8.1 18.7,7.5 20.5,7.7 22.2,8.1 24.0,8.7 25.8,8.5 27.6,9.2 29.3,8.9 31.1,9.1 32.9,8.8 34.6,8.8 36.4,8.2 38.2,8.4 40.0,8.7 41.7,9.3 43.5,8.9 45.3,8.0 47.0,8.3 48.8,8.8 50.6,9.2 52.3,9.7 54.1,9.0 55.9,9.4 57.7,9.8 59.4,10.1 61.2,9.2 63.0,9.0 64.7,7.8 66.5,7.8 68.3,8.4 70.0,8.4 71.8,8.0 73.6,8.7 75.4,8.8 77.1,9.0 78.9,8.8 80.7,8.2 82.4,7.7 84.2,7.1 86.0,7.3 87.8,7.7 89.5,7.2 91.3,7.3 93.1,7.3 94.8,8.2 96.6,7.9 98.4,8.9 100.1,8.5 101.9,8.3 103.7,7.8 105.5,8.8 107.2,9.3 109.0,8.7\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,11.5 2.8,5.4 4.5,2.0 6.3,6.5 8.1,5.8 9.9,5.8 11.6,7.8 13.4,11.5 15.2,9.5 16.9,7.3 18.7,12.0 20.5,9.0 22.2,6.5 24.0,11.5 25.8,10.2 27.6,14.6 29.3,14.8 31.1,14.8 32.9,21.1 34.6,19.1 36.4,13.6 38.2,12.0 40.0,15.7 41.7,16.4 43.5,16.7 45.3,19.3 47.0,19.1 48.8,19.8 50.6,19.3 52.3,22.0 54.1,17.2 55.9,14.6 57.7,7.1 59.4,8.0 61.2,10.3 63.0,14.0 64.7,20.7 66.5,19.5 68.3,25.7 70.0,25.2 71.8,26.2 73.6,26.3 75.4,26.8 77.1,28.0 78.9,24.4 80.7,23.6 82.4,22.7 84.2,21.8 86.0,22.4 87.8,20.6 89.5,19.2 91.3,16.9 93.1,18.6 94.8,19.8 96.6,14.9 98.4,19.4 100.1,15.5 101.9,14.7 103.7,17.4 105.5,11.8 107.2,8.8 109.0,7.4\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$1,051<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,035<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~3 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/spacex-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">SpaceX<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/spacex-bond-2026\/\" title=\"SpaceX had ~$100B in cash. Why sell $25B in bonds?\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-06-12<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,14.7 2.2,14.0 3.3,14.3 4.5,14.8 5.6,14.3 6.8,14.5 8.0,15.1 9.1,15.1 10.3,15.1 11.5,15.1 12.6,14.7 13.8,14.3 14.9,14.4 16.1,14.4 17.3,14.1 18.4,14.3 19.6,14.4 20.7,14.1 21.9,13.9 23.1,14.2 24.2,14.1 25.4,13.9 26.5,14.1 27.7,14.5 28.9,14.6 30.0,14.3 31.2,14.3 32.4,14.8 33.5,14.8 34.7,14.8 35.8,14.7 37.0,15.3 38.2,14.6 39.3,14.4 40.5,13.7 41.6,13.0 42.8,13.1 44.0,13.1 45.1,12.9 46.3,12.9 47.5,13.0 48.6,12.9 49.8,12.6 50.9,12.7 52.1,12.9 53.3,13.2 54.4,13.1 55.6,13.5 56.7,13.3 57.9,13.4 59.1,13.3 60.2,13.3 61.4,13.0 62.5,13.1 63.7,13.2 64.9,13.5 66.0,13.3 67.2,12.9 68.4,13.0 69.5,13.3 70.7,13.5 71.8,13.7 73.0,13.4 74.2,13.6 75.3,13.8 76.5,13.9 77.6,13.5 78.8,13.4 80.0,12.8 81.1,12.8 82.3,13.1 83.5,13.1 84.6,12.9 85.8,13.2 86.9,13.3 88.1,13.4 89.3,13.3 90.4,13.0 91.6,12.7 92.7,12.5 93.9,12.6 95.1,12.7 96.2,12.5 97.4,12.5 98.5,12.5 99.7,13.0 100.9,12.9 102.0,13.3 103.2,13.1 104.4,13.0 105.5,12.8 106.7,13.3 107.8,13.5 109.0,13.2\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,14.7 2.2,6.8 3.3,2.0 4.5,6.9 5.6,8.7 6.8,16.3 8.0,15.9 9.1,16.3 10.3,16.7 11.5,16.7 12.6,13.9 13.8,12.2 14.9,15.6 16.1,14.5 17.3,14.9 18.4,17.6 19.6,17.9 20.7,16.9 21.9,18.7 23.1,20.2 24.2,21.0 25.4,21.2 26.5,22.2 27.7,24.0 28.9,25.1 30.0,24.1 31.2,26.2 32.4,25.5 33.5,26.3 34.7,26.7 35.8,25.9 37.0,26.9 38.2,27.0 39.3,28.0 40.5,26.4 41.6,23.7 42.8,28.0 44.0,26.3 45.1,21.7 46.3,20.3 47.5,21.7 48.6,18.5 49.8,19.7 50.9,20.0 52.1,18.4 53.3,19.2 54.4,20.1 55.6,21.5 56.7,20.8 57.9,21.3 59.1,20.5 60.2,20.1 61.4,19.8 62.5,19.6 63.7,19.1 64.9,19.4 66.0,19.8 67.2,17.5 68.4,18.0 69.5,16.6 70.7,18.1 71.8,17.9 73.0,17.2 74.2,17.9 75.3,19.1 76.5,17.3 77.6,16.3 78.8,16.8 80.0,17.0 81.1,16.3 82.3,17.9 83.5,18.0 84.6,17.8 85.8,18.6 86.9,17.7 88.1,17.3 89.3,18.0 90.4,15.2 91.6,12.2 92.7,12.0 93.9,13.0 95.1,14.8 96.2,14.3 97.4,14.1 98.5,15.8 99.7,16.9 100.9,17.8 102.0,18.5 103.2,18.0 104.4,18.0 105.5,15.1 106.7,18.8 107.8,18.1 109.0,18.3\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$913<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,037<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~5 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-30%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/lime-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Lime<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/lime-ipo-2026\/\" title=\"Lime went public still held by Uber's six strings.\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-07-01<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,24.6 2.3,24.6 3.7,24.3 5.0,24.5 6.3,24.6 7.7,24.3 9.0,24.1 10.3,24.4 11.7,24.3 13.0,24.1 14.3,24.3 15.7,24.7 17.0,24.7 18.3,24.4 19.7,24.5 21.0,24.9 22.3,24.9 23.7,24.9 25.0,24.8 26.3,25.3 27.7,24.7 29.0,24.5 30.3,24.0 31.7,23.4 33.0,23.4 34.3,23.5 35.7,23.3 37.0,23.3 38.3,23.4 39.7,23.3 41.0,23.1 42.3,23.1 43.7,23.3 45.0,23.6 46.3,23.5 47.7,23.8 49.0,23.6 50.3,23.7 51.7,23.6 53.0,23.6 54.3,23.4 55.7,23.5 57.0,23.6 58.3,23.8 59.7,23.7 61.0,23.3 62.3,23.4 63.7,23.6 65.0,23.8 66.3,24.0 67.7,23.7 69.0,23.9 70.3,24.0 71.7,24.2 73.0,23.8 74.3,23.7 75.7,23.2 77.0,23.2 78.3,23.5 79.7,23.5 81.0,23.3 82.3,23.6 83.7,23.6 85.0,23.7 86.3,23.6 87.7,23.4 89.0,23.1 90.3,22.9 91.7,23.0 93.0,23.2 94.3,23.0 95.7,23.0 97.0,23.0 98.3,23.4 99.7,23.3 101.0,23.6 102.3,23.5 103.7,23.4 105.0,23.2 106.3,23.6 107.7,23.8 109.0,23.6\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,24.6 2.3,25.9 3.7,25.9 5.0,27.0 6.3,25.2 7.7,25.2 9.0,25.8 10.3,24.7 11.7,24.0 13.0,23.7 14.3,24.1 15.7,24.3 17.0,25.8 18.3,25.5 19.7,24.2 21.0,23.4 22.3,21.6 23.7,23.1 25.0,23.4 26.3,23.4 27.7,22.5 29.0,19.9 30.3,21.4 31.7,17.9 33.0,12.0 34.3,10.8 35.7,8.5 37.0,5.4 38.3,5.7 39.7,9.3 41.0,6.5 42.3,10.1 43.7,9.6 45.0,7.9 46.3,9.2 47.7,3.6 49.0,4.9 50.3,4.6 51.7,3.1 53.0,2.0 54.3,3.2 55.7,3.2 57.0,5.8 58.3,6.3 59.7,4.1 61.0,7.8 62.3,10.5 63.7,9.4 65.0,14.0 66.3,15.8 67.7,17.1 69.0,18.4 70.3,18.7 71.7,20.1 73.0,19.3 74.3,18.1 75.7,20.6 77.0,21.5 78.3,21.2 79.7,21.2 81.0,20.4 82.3,20.7 83.7,21.4 85.0,21.7 86.3,20.9 87.7,23.0 89.0,23.0 90.3,22.8 91.7,23.7 93.0,20.2 94.3,21.2 95.7,20.9 97.0,20.9 98.3,23.5 99.7,23.2 101.0,24.5 102.3,26.7 103.7,24.2 105.0,22.4 106.3,23.5 107.7,24.3 109.0,28.0\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$898<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,029<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~4 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-46%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/jersey-mikes-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Jersey Mike&#8217;s<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/jersey-mikes-q2-2026\/\" title=\"$52 million in six months. The line the prospectus had bracketed came in at the middle\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a> \u00b7 <a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/jersey-mikes-ipo-2026\/\" title=\"He bought the shop at 17. At 69, he has promised 300 more in the UK and Ireland\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a> \u00b7 <a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/jersey-mikes-bonus-2026\/\" title=\"The company was profitable. $210 million of cash flowed out of the core business. The line that explains the gap is not on the income statement\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-07-30<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,10.8 2.8,10.3 4.5,9.3 6.3,8.1 8.1,8.2 9.9,8.3 11.6,7.9 13.4,7.9 15.2,8.2 16.9,8.0 18.7,7.5 20.5,7.6 22.2,8.0 24.0,8.5 25.8,8.3 27.6,8.9 29.3,8.6 31.1,8.8 32.9,8.6 34.6,8.6 36.4,8.1 38.2,8.3 40.0,8.5 41.7,9.0 43.5,8.7 45.3,7.9 47.0,8.2 48.8,8.6 50.6,8.9 52.3,9.3 54.1,8.7 55.9,9.1 57.7,9.3 59.4,9.7 61.2,8.9 63.0,8.8 64.7,7.7 66.5,7.7 68.3,8.3 70.0,8.3 71.8,7.9 73.6,8.4 75.4,8.6 77.1,8.7 78.9,8.6 80.7,8.1 82.4,7.6 84.2,7.2 86.0,7.4 87.8,7.7 89.5,7.3 91.3,7.3 93.1,7.3 94.8,8.1 96.6,7.9 98.4,8.6 100.1,8.3 101.9,8.2 103.7,7.7 105.5,8.6 107.2,9.0 109.0,8.5\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,10.8 2.8,6.6 4.5,2.0 6.3,5.7 8.1,6.1 9.9,6.9 11.6,6.8 13.4,9.1 15.2,10.0 16.9,7.6 18.7,7.9 20.5,9.2 22.2,8.0 24.0,10.6 25.8,7.1 27.6,7.6 29.3,3.9 31.1,4.9 32.9,9.0 34.6,8.7 36.4,9.6 38.2,8.2 40.0,11.4 41.7,14.6 43.5,13.9 45.3,15.7 47.0,13.4 48.8,13.3 50.6,8.5 52.3,10.1 54.1,10.6 55.9,10.4 57.7,13.5 59.4,15.7 61.2,15.5 63.0,17.2 64.7,18.4 66.5,20.8 68.3,21.5 70.0,24.7 71.8,25.2 73.6,26.2 75.4,25.4 77.1,25.7 78.9,25.9 80.7,26.5 82.4,28.0 84.2,26.9 86.0,27.1 87.8,24.2 89.5,23.0 91.3,22.9 93.1,23.5 94.8,25.1 96.6,21.1 98.4,22.2 100.1,23.0 101.9,22.6 103.7,23.1 105.5,23.0 107.2,25.9 109.0,25.5\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$782<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,035<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~3 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-31%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/apnimed-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Apnimed<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-07-31<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,14.3 2.8,13.7 4.6,13.0 6.4,13.0 8.2,13.1 10.0,12.8 11.8,12.9 13.6,13.0 15.4,12.9 17.2,12.6 19.0,12.7 20.8,12.9 22.6,13.2 24.4,13.1 26.2,13.5 28.0,13.3 29.8,13.4 31.6,13.2 33.4,13.3 35.2,13.0 37.0,13.1 38.8,13.2 40.6,13.5 42.4,13.3 44.2,12.9 46.0,13.0 47.8,13.3 49.6,13.5 51.4,13.7 53.2,13.3 55.0,13.5 56.8,13.7 58.6,13.9 60.4,13.4 62.2,13.4 64.0,12.7 65.8,12.7 67.6,13.1 69.4,13.1 71.2,12.8 73.0,13.2 74.8,13.2 76.6,13.3 78.4,13.3 80.2,13.0 82.0,12.7 83.8,12.4 85.6,12.5 87.4,12.7 89.2,12.5 91.0,12.5 92.8,12.5 94.6,13.0 96.4,12.8 98.2,13.3 100.0,13.1 101.8,13.0 103.6,12.7 105.4,13.3 107.2,13.5 109.0,13.2\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,14.3 2.8,14.3 4.6,13.1 6.4,11.8 8.2,9.6 10.0,11.0 11.8,9.5 13.6,14.5 15.4,11.6 17.2,8.1 19.0,3.3 20.8,2.0 22.6,3.2 24.4,2.8 26.2,8.5 28.0,9.4 29.8,13.3 31.6,10.4 33.4,6.8 35.2,8.2 37.0,6.6 38.8,12.3 40.6,11.3 42.4,9.7 44.2,9.7 46.0,10.3 47.8,8.1 49.6,9.3 51.4,11.4 53.2,12.3 55.0,13.4 56.8,13.4 58.6,10.9 60.4,9.2 62.2,7.8 64.0,12.3 65.8,13.5 67.6,18.4 69.4,19.8 71.2,20.7 73.0,19.7 74.8,16.1 76.6,19.3 78.4,18.3 80.2,20.0 82.0,19.6 83.8,24.7 85.6,25.7 87.4,25.4 89.2,24.9 91.0,24.7 92.8,26.0 94.6,27.0 96.4,25.3 98.2,26.1 100.0,28.0 101.8,24.9 103.6,24.3 105.4,24.9 107.2,24.1 109.0,24.2\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$758<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,028<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~3 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-42%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/braveheart-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Braveheart Bio<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-08-06<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,3.1 2.9,2.7 4.9,2.7 6.8,2.9 8.7,2.7 10.6,2.3 12.6,2.4 14.5,2.7 16.4,3.2 18.4,3.1 20.3,3.6 22.2,3.3 24.1,3.5 26.1,3.3 28.0,3.3 29.9,2.8 31.9,3.0 33.8,3.2 35.7,3.7 37.6,3.4 39.6,2.7 41.5,2.9 43.4,3.3 45.4,3.6 47.3,4.0 49.2,3.4 51.1,3.8 53.1,4.0 55.0,4.3 56.9,3.6 58.9,3.5 60.8,2.5 62.7,2.5 64.6,3.0 66.6,3.0 68.5,2.7 70.4,3.2 72.4,3.3 74.3,3.4 76.2,3.3 78.1,2.8 80.1,2.4 82.0,2.0 83.9,2.1 85.9,2.5 87.8,2.1 89.7,2.1 91.6,2.1 93.6,2.8 95.5,2.6 97.4,3.4 99.4,3.1 101.3,2.9 103.2,2.5 105.1,3.3 107.1,3.7 109.0,3.2\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,3.1 2.9,2.6 4.9,8.1 6.8,13.7 8.7,11.2 10.6,11.6 12.6,9.2 14.5,7.8 16.4,9.9 18.4,4.9 20.3,8.4 22.2,8.0 24.1,8.2 26.1,7.9 28.0,7.6 29.9,7.4 31.9,8.3 33.8,12.6 35.7,10.9 37.6,9.4 39.6,10.9 41.5,9.9 43.4,3.9 45.4,5.1 47.3,8.7 49.2,10.1 51.1,9.3 53.1,9.9 55.0,8.3 56.9,7.7 58.9,4.4 60.8,13.7 62.7,16.8 64.6,21.6 66.6,17.4 68.5,23.5 70.4,22.5 72.4,19.6 74.3,24.4 76.2,21.7 78.1,22.0 80.1,21.9 82.0,25.3 83.9,28.0 85.9,26.9 87.8,24.8 89.7,24.0 91.6,26.3 93.6,26.3 95.5,25.8 97.4,27.7 99.4,26.6 101.3,24.2 103.2,22.5 105.1,21.6 107.1,21.6 109.0,20.7\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$734<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$998<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~3 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-27%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/x-energy-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">X-Energy<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-04-24<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,7.4 2.7,7.5 4.4,7.2 6.1,7.3 7.8,6.5 9.4,6.4 11.1,6.3 12.8,5.9 14.5,6.3 16.2,6.2 17.9,6.0 19.6,5.8 21.2,5.5 22.9,5.4 24.6,5.5 26.3,6.3 28.0,6.9 29.7,6.2 31.4,5.8 33.1,5.8 34.8,6.4 36.4,6.5 38.1,6.1 39.8,5.9 41.5,5.7 43.2,5.9 44.9,5.5 46.6,5.6 48.2,5.7 49.9,6.1 51.6,5.8 53.3,6.2 55.0,6.1 56.7,6.1 58.4,5.4 60.1,4.8 61.8,4.6 63.4,4.8 65.1,4.5 66.8,4.7 68.5,4.9 70.2,5.0 71.9,5.0 73.6,4.7 75.2,4.9 76.9,5.0 78.6,4.8 80.3,5.2 82.0,5.1 83.7,5.4 85.4,5.1 87.1,4.6 88.8,4.8 90.4,4.6 92.1,5.0 93.8,5.0 95.5,4.5 97.2,4.4 98.9,4.3 100.6,4.4 102.2,4.6 103.9,4.9 105.6,4.6 107.3,5.2 109.0,4.9\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,7.4 2.7,2.0 4.4,4.6 6.1,6.8 7.8,4.6 9.4,6.3 11.1,4.6 12.8,7.4 14.5,11.4 16.2,8.0 17.9,8.4 19.6,9.2 21.2,9.9 22.9,9.2 24.6,13.5 26.3,14.9 28.0,19.8 29.7,19.1 31.4,15.8 33.1,15.8 34.8,16.4 36.4,19.2 38.1,18.9 39.8,19.2 41.5,19.4 43.2,20.9 44.9,22.0 46.6,22.7 48.2,24.4 49.9,22.4 51.6,21.5 53.3,23.6 55.0,22.2 56.7,20.8 58.4,20.4 60.1,18.6 61.8,14.6 63.4,16.9 65.1,14.6 66.8,17.1 68.5,17.7 70.2,19.0 71.9,18.5 73.6,19.3 75.2,19.3 76.9,19.7 78.6,20.1 80.3,20.6 82.0,23.2 83.7,23.0 85.4,21.6 87.1,21.6 88.8,21.6 90.4,23.0 92.1,23.9 93.8,24.2 95.5,23.7 97.2,23.8 98.9,24.5 100.6,25.6 102.2,27.0 103.9,28.0 105.6,27.6 107.3,27.9 109.0,27.8\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$366<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,077<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~6 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-70%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/cerebras-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Cerebras Systems<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/cerebras-q1-2026\/\" title=\"Cerebras grew revenue 94%. One weakness didn&rsquo;t move.\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2026-05-14<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,3.8 2.0,4.2 2.9,4.2 3.9,4.5 4.8,4.1 5.8,4.0 6.7,3.9 7.7,3.6 8.6,3.6 9.6,3.4 10.6,3.3 11.5,3.2 12.5,3.2 13.4,3.5 14.4,3.3 15.3,4.3 16.3,4.2 17.2,4.3 18.2,4.9 19.2,4.2 20.1,4.1 21.1,3.4 22.0,3.6 23.0,4.1 23.9,3.7 24.9,3.8 25.8,4.4 26.8,4.4 27.8,4.4 28.7,4.4 29.7,4.0 30.6,3.7 31.6,3.8 32.5,3.8 33.5,3.5 34.5,3.7 35.4,3.8 36.4,3.5 37.3,3.3 38.3,3.6 39.2,3.5 40.2,3.3 41.1,3.5 42.1,3.9 43.1,4.0 44.0,3.6 45.0,3.7 45.9,4.1 46.9,4.1 47.8,4.1 48.8,4.0 49.7,4.6 50.7,4.0 51.7,3.7 52.6,3.2 53.6,2.5 54.5,2.6 55.5,2.6 56.4,2.4 57.4,2.4 58.3,2.5 59.3,2.4 60.3,2.2 61.2,2.2 62.2,2.4 63.1,2.7 64.1,2.6 65.0,2.9 66.0,2.8 66.9,2.9 67.9,2.8 68.9,2.8 69.8,2.5 70.8,2.6 71.7,2.7 72.7,3.0 73.6,2.8 74.6,2.4 75.5,2.5 76.5,2.8 77.5,2.9 78.4,3.2 79.4,2.8 80.3,3.0 81.3,3.2 82.2,3.3 83.2,2.9 84.2,2.9 85.1,2.3 86.1,2.3 87.0,2.6 88.0,2.6 88.9,2.4 89.9,2.7 90.8,2.7 91.8,2.8 92.8,2.8 93.7,2.5 94.7,2.2 95.6,2.0 96.6,2.1 97.5,2.3 98.5,2.0 99.4,2.1 100.4,2.1 101.4,2.5 102.3,2.4 103.3,2.8 104.2,2.6 105.2,2.5 106.1,2.3 107.1,2.8 108.0,3.0 109.0,2.7\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,3.8 2.0,7.5 2.9,5.5 3.9,4.6 4.8,6.2 5.8,7.2 6.7,10.2 7.7,12.1 8.6,9.0 9.6,11.9 10.6,12.6 11.5,15.5 12.5,12.7 13.4,15.3 14.4,15.2 15.3,16.9 16.3,12.5 17.2,13.8 18.2,12.6 19.2,13.9 20.1,15.4 21.1,14.9 22.0,15.6 23.0,15.4 23.9,12.9 24.9,14.1 25.8,13.8 26.8,19.2 27.8,20.8 28.7,19.2 29.7,15.1 30.6,14.5 31.6,14.5 32.5,16.5 33.5,18.0 34.5,19.8 35.4,19.2 36.4,17.2 37.3,15.2 38.3,16.5 39.2,16.6 40.2,19.0 41.1,19.4 42.1,20.3 43.1,19.8 44.0,16.0 45.0,15.9 45.9,14.7 46.9,17.1 47.8,18.4 48.8,17.9 49.7,20.7 50.7,16.7 51.7,17.2 52.6,14.7 53.6,13.8 54.5,15.3 55.5,15.7 56.4,13.8 57.4,13.5 58.3,12.9 59.3,9.6 60.3,13.3 61.2,14.8 62.2,10.8 63.1,14.6 64.1,15.2 65.0,15.9 66.0,17.5 66.9,18.8 67.9,19.0 68.9,19.2 69.8,18.6 70.8,19.5 71.7,18.9 72.7,20.3 73.6,18.9 74.6,18.2 75.5,15.8 76.5,17.1 77.5,17.5 78.4,18.1 79.4,18.0 80.3,19.3 81.3,19.0 82.2,18.2 83.2,17.7 84.2,17.2 85.1,16.0 86.1,15.6 87.0,16.4 88.0,16.3 88.9,16.2 89.9,17.4 90.8,17.6 91.8,19.7 92.8,20.7 93.7,21.1 94.7,19.2 95.6,19.8 96.6,20.0 97.5,20.9 98.5,21.3 99.4,23.4 100.4,23.1 101.4,24.0 102.3,24.0 103.3,25.7 104.2,26.5 105.2,26.8 106.1,26.9 107.1,27.9 108.0,27.7 109.0,28.0\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$348<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,029<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~6 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-65%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">CLASS OF 2025<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">2025<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">2 listed in 2025. Still early \u2014 the verdict is not yet set.<\/p>\n<\/div>\n<div style=\"overflow-x:auto;margin:6px 0 14px;\">\n<table style=\"border-collapse:collapse;width:100%;min-width:700px;\">\n<tr>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Company<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">IPO date<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Trend<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,000 \u2192 now<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">S&amp;P 500<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">vs S&amp;P 500<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Age<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Off peak<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/andersen-2025\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Andersen Group<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2025-12-17<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,26.0 2.5,25.7 4.0,25.6 5.5,25.8 7.0,25.6 8.5,25.5 10.0,25.6 11.5,25.9 13.0,25.6 14.5,25.5 16.0,25.5 17.5,25.9 19.0,25.6 20.5,25.8 22.0,25.7 23.5,25.7 25.0,25.7 26.5,25.7 28.0,25.8 29.5,26.1 31.0,26.0 32.5,26.4 34.0,26.3 35.5,26.8 37.0,26.3 38.5,25.9 40.0,25.6 41.5,25.3 43.0,25.3 44.5,25.1 46.0,25.1 47.5,25.0 49.0,24.7 50.5,24.6 52.0,24.5 53.5,24.5 55.0,24.3 56.5,24.2 58.0,24.2 59.5,24.5 61.0,24.6 62.5,24.3 64.0,24.4 65.5,24.6 67.0,24.3 68.5,24.2 70.0,24.2 71.5,24.2 73.0,24.4 74.5,24.3 76.0,24.5 77.5,24.4 79.0,23.8 80.5,23.8 82.0,23.8 83.5,23.8 85.0,24.0 86.5,23.9 88.0,23.9 89.5,24.0 91.0,23.9 92.5,24.0 94.0,24.2 95.5,23.7 97.0,23.9 98.5,23.9 100.0,23.8 101.5,23.7 103.0,23.6 104.5,23.8 106.0,23.8 107.5,24.0 109.0,23.9\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,26.0 2.5,24.3 4.0,24.9 5.5,24.6 7.0,25.7 8.5,25.6 10.0,26.0 11.5,26.8 13.0,26.3 14.5,26.2 16.0,26.7 17.5,28.0 19.0,27.9 20.5,27.7 22.0,27.0 23.5,27.6 25.0,26.2 26.5,25.4 28.0,25.8 29.5,25.4 31.0,25.2 32.5,23.4 34.0,24.5 35.5,24.7 37.0,22.4 38.5,22.9 40.0,22.7 41.5,20.3 43.0,19.3 44.5,18.7 46.0,19.9 47.5,19.7 49.0,18.7 50.5,18.4 52.0,19.2 53.5,17.8 55.0,17.3 56.5,18.1 58.0,18.1 59.5,18.6 61.0,19.2 62.5,17.8 64.0,18.7 65.5,18.8 67.0,17.6 68.5,17.5 70.0,14.2 71.5,14.6 73.0,13.7 74.5,15.4 76.0,12.2 77.5,12.7 79.0,11.2 80.5,10.6 82.0,10.4 83.5,11.0 85.0,10.2 86.5,9.1 88.0,7.0 89.5,6.8 91.0,8.1 92.5,8.2 94.0,7.4 95.5,7.6 97.0,8.4 98.5,7.1 100.0,6.2 101.5,7.2 103.0,5.9 104.5,5.1 106.0,4.1 107.5,2.5 109.0,2.0\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$2,731<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,153<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">~10 mo<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">+0%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/figma-2025\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Figma<\/a><span style=\"display:block;font-size:11px;margin-top:4px;letter-spacing:.04em;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/figma-config-2026\/\" title=\"Figma already won. So why stack on new products?\" style=\"color:#daa241;text-decoration:none;\">Answer check<\/a><\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2025-07-31<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,7.9 2.7,7.9 4.4,7.4 6.1,7.8 7.9,7.3 9.6,7.3 11.3,7.0 13.0,6.6 14.7,6.7 16.4,6.4 18.1,7.0 19.9,6.6 21.6,6.1 23.3,6.0 25.0,6.4 26.7,6.3 28.4,6.8 30.1,6.0 31.9,5.9 33.6,6.0 35.3,5.8 37.0,5.7 38.7,5.6 40.4,5.6 42.1,5.6 43.9,5.4 45.6,6.0 47.3,5.9 49.0,5.6 50.7,5.7 52.4,6.2 54.1,6.6 55.9,7.1 57.6,7.6 59.3,6.7 61.0,5.6 62.7,4.8 64.4,4.6 66.1,4.5 67.9,3.6 69.6,3.7 71.3,3.2 73.0,2.9 74.7,3.7 76.4,3.2 78.1,3.8 79.9,3.3 81.6,3.1 83.3,3.1 85.0,3.6 86.7,3.5 88.4,2.5 90.1,2.1 91.9,2.7 93.6,2.3 95.3,2.3 97.0,2.6 98.7,2.6 100.4,2.3 102.1,2.3 103.9,2.0 105.6,2.6 107.3,2.7 109.0,2.5\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,7.9 2.7,15.5 4.4,15.9 6.1,16.7 7.9,17.0 9.6,20.3 11.3,20.7 13.0,19.9 14.7,20.7 16.4,20.7 18.1,19.0 19.9,19.9 21.6,20.6 23.3,21.3 25.0,22.5 26.7,23.7 28.4,24.5 30.1,24.2 31.9,23.8 33.6,24.4 35.3,23.5 37.0,23.8 38.7,23.9 40.4,24.9 42.1,25.7 43.9,26.0 45.6,27.0 47.3,27.0 49.0,26.2 50.7,25.5 52.4,25.6 54.1,26.2 55.9,26.7 57.6,27.4 59.3,27.2 61.0,27.6 62.7,27.7 64.4,28.0 66.1,27.5 67.9,27.4 69.6,26.6 71.3,27.0 73.0,26.6 74.7,27.4 76.4,27.9 78.1,27.7 79.9,27.6 81.6,27.0 83.3,26.8 85.0,27.4 86.7,26.7 88.4,26.6 90.1,26.2 91.9,26.0 93.6,25.3 95.3,26.4 97.0,26.8 98.7,26.9 100.4,27.3 102.1,27.2 103.9,26.9 105.6,27.1 107.3,26.5 109.0,26.7\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$204<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,229<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">Yr 1<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">-81%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e6e6e6;border-left:4px solid #daa241;padding:22px 26px;margin:8px 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<p style=\"font-size:16px;line-height:1.85;color:#0a0a0a;margin:0;overflow-wrap:anywhere;\">Of the 11 recent listings, <strong>8 trade below their first-day close<\/strong>. But that is not the final result. Across 965 U.S. IPOs from 2020\u20132025 that we tested, <strong>about 10% of those down a year after listing had since climbed back above water<\/strong>. AppLovin, for one, was about 20% underwater a year in \u2014 and is now up roughly 7\u00d7. So this page leans neither pessimistic nor optimistic; it keeps recording until the verdict day.<\/p>\n<\/div>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">LISTED 2023 &#038; EARLIER<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">Earlier<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">6 companies listed in 2023 or earlier. The more time passes since listing, the more the market&#8217;s answer sets.<\/p>\n<\/div>\n<div style=\"overflow-x:auto;margin:6px 0 14px;\">\n<table style=\"border-collapse:collapse;width:100%;min-width:680px;\">\n<tr>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Company<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">IPO date<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\">Trend<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,000 \u2192 now<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">Multiple<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">S&amp;P 500<\/th>\n<th style=\"padding:12px 10px;font-size:11px;letter-spacing:0.1em;color:#6f6f6f;font-weight:700;border-bottom:2px solid #0a0a0a;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">vs S&amp;P 500<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/tesla-2010\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Tesla<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2010-06-29<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,28.0 2.8,28.0 4.5,28.0 6.3,28.0 8.1,28.0 9.9,28.0 11.6,28.0 13.4,28.0 15.2,27.9 16.9,27.9 18.7,27.9 20.5,27.9 22.2,27.9 24.0,27.9 25.8,27.9 27.6,27.9 29.3,27.9 31.1,27.9 32.9,27.9 34.6,27.9 36.4,27.9 38.2,27.9 40.0,27.9 41.7,27.9 43.5,27.8 45.3,27.8 47.0,27.8 48.8,27.8 50.6,27.8 52.3,27.8 54.1,27.8 55.9,27.8 57.7,27.8 59.4,27.8 61.2,27.7 63.0,27.7 64.7,27.8 66.5,27.7 68.3,27.7 70.0,27.6 71.8,27.6 73.6,27.6 75.4,27.5 77.1,27.5 78.9,27.6 80.7,27.6 82.4,27.6 84.2,27.6 86.0,27.5 87.8,27.6 89.5,27.5 91.3,27.4 93.1,27.4 94.8,27.4 96.6,27.3 98.4,27.3 100.1,27.3 101.9,27.2 103.7,27.2 105.5,27.1 107.2,27.1 109.0,27.1\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,28.0 2.8,28.0 4.5,28.0 6.3,28.0 8.1,28.0 9.9,28.0 11.6,28.0 13.4,28.0 15.2,28.0 16.9,27.9 18.7,27.9 20.5,27.7 22.2,27.3 24.0,27.5 25.8,27.2 27.6,27.2 29.3,27.1 31.1,27.2 32.9,27.1 34.6,27.0 36.4,27.2 38.2,27.3 40.0,27.1 41.7,27.3 43.5,27.2 45.3,26.9 47.0,26.8 48.8,26.6 50.6,26.6 52.3,26.9 54.1,26.7 55.9,26.6 57.7,26.9 59.4,27.3 61.2,27.1 63.0,26.6 64.7,26.3 66.5,24.1 68.3,19.4 70.0,11.2 71.8,13.1 73.6,14.7 75.4,2.9 77.1,8.9 78.9,12.2 80.7,9.5 82.4,15.9 84.2,17.3 86.0,11.8 87.8,12.7 89.5,12.6 91.3,17.4 93.1,12.5 94.8,14.7 96.6,4.1 98.4,8.2 100.1,7.5 101.9,2.0 103.7,2.8 105.5,3.2 107.2,5.3 109.0,3.6\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$245,889<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">246<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$9,943<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/google-2004\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Google (Alphabet)<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2004-08-19<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,28.0 2.8,27.9 4.5,28.0 6.3,27.9 8.1,27.9 9.9,27.9 11.6,27.9 13.4,27.9 15.2,27.9 16.9,27.9 18.7,27.9 20.5,27.9 22.2,28.0 24.0,28.0 25.8,28.0 27.6,27.9 29.3,28.0 31.1,27.9 32.9,27.9 34.6,27.9 36.4,27.9 38.2,27.9 40.0,27.9 41.7,27.8 43.5,27.8 45.3,27.8 47.0,27.8 48.8,27.8 50.6,27.7 52.3,27.7 54.1,27.7 55.9,27.8 57.7,27.7 59.4,27.7 61.2,27.6 63.0,27.6 64.7,27.6 66.5,27.6 68.3,27.5 70.0,27.6 71.8,27.5 73.6,27.5 75.4,27.4 77.1,27.4 78.9,27.3 80.7,27.2 82.4,27.1 84.2,27.0 86.0,27.2 87.8,27.3 89.5,27.2 91.3,27.1 93.1,27.1 94.8,26.9 96.6,26.8 98.4,26.7 100.1,26.8 101.9,26.5 103.7,26.4 105.5,26.3 107.2,26.2 109.0,26.2\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,28.0 2.8,27.8 4.5,27.7 6.3,27.6 8.1,27.5 9.9,27.4 11.6,27.3 13.4,27.3 15.2,27.2 16.9,26.9 18.7,27.1 20.5,27.4 22.2,27.6 24.0,27.4 25.8,27.2 27.6,27.1 29.3,27.3 31.1,27.1 32.9,27.1 34.6,27.2 36.4,27.0 38.2,27.0 40.0,26.8 41.7,26.7 43.5,26.6 45.3,26.3 47.0,26.1 48.8,26.1 50.6,26.2 52.3,26.2 54.1,25.9 55.9,25.4 57.7,25.5 59.4,25.2 61.2,25.1 63.0,24.7 64.7,24.5 66.5,24.3 68.3,23.7 70.0,24.2 71.8,24.1 73.6,23.7 75.4,23.1 77.1,22.7 78.9,21.8 80.7,20.1 82.4,18.2 84.2,17.5 86.0,19.9 87.8,21.0 89.5,20.9 91.3,19.2 93.1,18.7 94.8,17.3 96.6,15.9 98.4,14.2 100.1,16.3 101.9,9.7 103.7,3.5 105.5,2.0 107.2,4.9 109.0,5.1\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$126,910<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">127<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$10,700<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/facebook-2012\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Meta (Facebook)<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2012-05-18<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,27.3 2.8,27.2 4.5,27.2 6.3,27.1 8.1,26.9 9.9,26.8 11.6,26.8 13.4,26.7 15.2,26.6 16.9,26.5 18.7,26.5 20.5,26.4 22.2,26.4 24.0,26.3 25.8,26.5 27.6,26.3 29.3,26.4 31.1,26.2 32.9,26.1 34.6,26.1 36.4,25.9 38.2,25.8 40.0,25.8 41.7,25.6 43.5,25.6 45.3,25.5 47.0,25.3 48.8,25.4 50.6,25.5 52.3,25.1 54.1,25.0 55.9,25.0 57.7,24.6 59.4,25.5 61.2,24.8 63.0,24.6 64.7,24.0 66.5,23.6 68.3,23.3 70.0,22.9 71.8,22.9 73.6,23.0 75.4,23.6 77.1,23.2 78.9,23.5 80.7,23.3 82.4,23.3 84.2,22.8 86.0,23.2 87.8,22.2 89.5,21.9 91.3,21.3 93.1,20.8 94.8,20.8 96.6,21.9 98.4,20.2 100.1,19.6 101.9,19.2 103.7,19.7 105.5,18.4 107.2,18.2 109.0,18.1\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,27.3 2.8,28.0 4.5,28.0 6.3,27.7 8.1,27.7 9.9,27.4 11.6,26.8 13.4,26.6 15.2,26.6 16.9,26.3 18.7,25.9 20.5,25.9 22.2,25.7 24.0,25.5 25.8,25.3 27.6,24.8 29.3,24.7 31.1,24.4 32.9,24.1 34.6,24.3 36.4,23.8 38.2,23.3 40.0,22.7 41.7,22.2 43.5,22.5 45.3,22.3 47.0,22.5 48.8,23.2 50.6,23.4 52.3,22.1 54.1,21.4 55.9,22.2 57.7,21.0 59.4,23.0 61.2,20.7 63.0,19.7 64.7,18.8 66.5,18.4 68.3,16.7 70.0,14.9 71.8,17.5 73.6,21.1 75.4,22.1 77.1,22.6 78.9,24.6 80.7,22.4 82.4,20.3 84.2,17.5 86.0,17.8 87.8,14.5 89.5,10.8 91.3,11.4 93.1,7.3 94.8,6.4 96.6,10.2 98.4,2.6 100.1,2.0 101.9,4.4 103.7,7.1 105.5,7.7 107.2,4.3 109.0,5.7\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$16,652<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">17<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$7,683<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/s1-arm-2023\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Arm<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2023-09-14<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,26.9 2.8,27.2 4.5,27.2 6.3,27.0 8.1,26.8 9.9,26.6 11.6,26.7 13.4,26.5 15.2,26.4 16.9,26.2 18.7,26.1 20.5,26.2 22.2,26.2 24.0,26.0 25.8,26.0 27.6,25.8 29.3,25.7 31.1,25.9 32.9,25.7 34.6,25.8 36.4,25.5 38.2,25.5 40.0,25.6 41.7,25.4 43.5,25.2 45.3,25.4 47.0,25.2 48.8,25.2 50.6,25.4 52.3,25.6 54.1,26.2 55.9,25.8 57.7,25.4 59.4,25.3 61.2,25.3 63.0,24.9 64.7,24.8 66.5,24.7 68.3,24.7 70.0,24.5 71.8,24.6 73.6,24.3 75.4,24.5 77.1,24.3 78.9,24.2 80.7,24.2 82.4,24.2 84.2,24.3 86.0,24.5 87.8,24.6 89.5,24.0 91.3,23.8 93.1,23.6 94.8,23.5 96.6,23.5 98.4,23.7 100.1,23.3 101.9,23.3 103.7,23.4 105.5,23.2 107.2,23.4 109.0,23.4\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,26.9 2.8,27.7 4.5,28.0 6.3,27.5 8.1,27.0 9.9,26.3 11.6,26.6 13.4,26.1 15.2,22.9 16.9,21.6 18.7,21.9 20.5,22.5 22.2,24.1 24.0,23.3 25.8,21.7 27.6,20.0 29.3,18.8 31.1,22.8 32.9,22.1 34.6,22.5 36.4,20.8 38.2,20.7 40.0,21.3 41.7,21.9 43.5,21.6 45.3,22.4 47.0,20.3 48.8,19.8 50.6,22.1 52.3,22.9 54.1,25.2 55.9,23.4 57.7,22.4 59.4,22.4 61.2,21.1 63.0,20.8 64.7,19.8 66.5,21.5 68.3,21.8 70.0,21.4 71.8,20.4 73.6,19.3 75.4,21.4 77.1,21.3 78.9,23.5 80.7,23.9 82.4,24.0 84.2,22.6 86.0,23.2 87.8,20.6 89.5,18.9 91.3,16.2 93.1,9.8 94.8,2.0 96.6,8.4 98.4,11.2 100.1,12.2 101.9,14.4 103.7,12.5 105.5,9.8 107.2,16.4 109.0,15.5\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$3,512<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">4<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$1,774<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#daa241;font-weight:700;\">Ahead<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/snowflake-2020\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Snowflake<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2020-09-16<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,20.9 2.7,20.7 4.5,20.0 6.2,19.7 8.0,18.9 9.7,18.6 11.5,18.0 13.2,17.7 14.9,17.2 16.7,16.8 18.4,16.8 20.2,16.5 21.9,15.8 23.6,15.5 25.4,16.5 27.1,17.7 28.9,16.6 30.6,18.5 32.4,19.1 34.1,17.7 35.8,17.8 37.6,19.4 39.3,18.3 41.1,19.0 42.8,17.6 44.5,18.6 46.3,17.5 48.0,17.5 49.8,16.5 51.5,16.1 53.3,16.1 55.0,16.5 56.7,15.8 58.5,14.8 60.2,14.1 62.0,13.5 63.7,13.7 65.5,12.6 67.2,12.0 68.9,12.5 70.7,12.0 72.4,10.4 74.2,10.2 75.9,9.6 77.6,9.8 79.4,11.4 81.1,12.1 82.9,10.3 84.6,8.9 86.4,8.3 88.1,7.5 89.8,7.0 91.6,7.1 93.3,5.8 95.1,5.6 96.8,6.3 98.5,5.3 100.3,3.6 102.0,3.9 103.8,2.9 105.5,2.6 107.3,2.0 109.0,2.5\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,20.9 2.7,20.1 4.5,18.5 6.2,19.7 8.0,18.0 9.7,22.1 11.5,22.0 13.2,21.4 14.9,21.7 16.7,19.6 18.4,17.7 20.2,16.7 21.9,16.5 23.6,16.7 25.4,19.8 27.1,25.2 28.9,23.7 30.6,27.0 32.4,26.6 34.1,25.3 35.8,23.8 37.6,25.2 39.3,26.5 41.1,26.6 42.8,25.4 44.5,26.6 46.3,26.2 48.0,24.8 49.8,24.8 51.5,25.2 53.3,25.0 55.0,25.4 56.7,25.2 58.5,23.6 60.2,22.6 62.0,25.4 63.7,26.0 65.5,25.4 67.2,26.8 68.9,27.5 70.7,28.0 72.4,27.4 74.2,27.1 75.9,25.4 77.6,24.4 79.4,26.0 81.1,26.2 82.9,24.6 84.6,22.5 86.4,23.2 88.1,22.3 89.8,21.6 91.6,20.9 93.3,22.5 95.1,24.0 96.8,24.8 98.5,26.3 100.3,25.2 102.0,21.2 103.8,18.3 105.5,16.9 107.3,15.8 109.0,16.9\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$1,319<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">1<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$2,474<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/airbnb-2020\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;\">Airbnb<\/a><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#6f6f6f;font-size:12px;\">2020-12-10<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:left;white-space:nowrap;\"><svg width=\"110\" height=\"30\" viewBox=\"0 0 110 30\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"display:block;\"><polyline points=\"1.0,22.6 2.7,22.2 4.5,21.7 6.2,21.3 8.0,20.4 9.7,20.1 11.5,19.5 13.2,19.1 14.9,19.0 16.7,18.7 18.4,18.0 20.2,17.5 21.9,18.4 23.6,19.7 25.4,19.2 27.1,20.5 28.9,21.9 30.6,20.7 32.4,20.8 34.1,21.7 35.8,21.6 37.6,20.7 39.3,21.0 41.1,20.7 42.8,20.7 44.5,20.1 46.3,19.3 48.0,18.4 49.8,18.5 51.5,18.5 53.3,19.5 55.0,17.9 56.7,17.0 58.5,16.1 60.2,15.0 62.0,15.6 63.7,14.4 65.5,13.6 67.2,13.7 68.9,13.3 70.7,12.5 72.4,11.1 74.2,10.8 75.9,10.6 77.6,11.2 79.4,12.6 81.1,12.7 82.9,10.7 84.6,9.6 86.4,8.9 88.1,7.7 89.8,6.7 91.6,6.9 93.3,6.3 95.1,6.3 96.8,7.3 98.5,5.6 100.3,3.5 102.0,3.5 103.8,2.4 105.5,2.7 107.3,2.0 109.0,2.6\" fill=\"none\" stroke=\"#b0b0b0\" stroke-width=\"1\" stroke-dasharray=\"3,3\"\/><polyline points=\"1.0,22.6 2.7,20.0 4.5,17.1 6.2,19.4 8.0,19.6 9.7,22.0 11.5,22.1 13.2,21.9 14.9,20.1 16.7,19.9 18.4,19.0 20.2,20.2 21.9,21.9 23.6,22.3 25.4,21.0 27.1,25.6 28.9,27.6 30.6,26.7 32.4,26.1 34.1,26.3 35.8,28.0 37.6,28.0 39.3,27.4 41.1,24.6 42.8,25.7 44.5,25.3 46.3,25.6 48.0,23.5 49.8,24.3 51.5,23.0 53.3,25.3 55.0,24.4 56.7,23.8 58.5,22.7 60.2,20.3 62.0,21.4 63.7,22.5 65.5,22.0 67.2,23.3 68.9,25.9 70.7,24.2 72.4,23.7 74.2,24.1 75.9,24.0 77.6,22.7 79.4,25.2 81.1,25.2 82.9,23.3 84.6,23.5 86.4,24.7 88.1,25.0 89.8,24.3 91.6,25.5 93.3,23.4 95.1,25.3 96.8,24.0 98.5,22.9 100.3,24.0 102.0,22.8 103.8,22.1 105.5,19.4 107.3,20.6 109.0,19.8\" fill=\"none\" stroke=\"#daa241\" stroke-width=\"2\"\/><\/svg><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">$1,182<\/strong><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><strong style=\"font-size:15px;\">1<\/strong><span style=\"color:#6f6f6f;font-size:12px;\">\u00d7<\/span><\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\">$2,275<\/td>\n<td style=\"padding:14px 10px;font-size:14px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;text-align:right;white-space:nowrap;\"><span style=\"color:#9a9a9a;font-weight:700;\">Behind<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Even among these, <strong>only 4 of 6 beat the S&amp;P 500<\/strong>. Blowout winners and companies still short of the market average years on both come from the same &#8220;marquee IPO.&#8221;<\/p>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">RISERS<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">The winners&#8217; S-1s<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">Reading the winners&#8217; S-1s after the fact. From a full census of U.S. IPOs, 2020\u20132025.<\/p>\n<\/div>\n<p style=\"font-size:17px;line-height:1.9;letter-spacing:0;color:#0a0a0a;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">This pattern is not just about S-1 Journal&#8217;s ten. Of the roughly 2,400 companies that listed in the U.S. from 2020\u20132025, we computed the &#8220;what happened next&#8221; for <strong>all 965 whose prices we could verify<\/strong>. The ones that rose were, clearly, the exception.<\/p>\n<div style=\"border-top:2px solid #0a0a0a;margin:8px auto 4px;max-width:600px;\">\n<div style=\"display:flex;gap:24px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-size:16px;font-weight:700;flex:0 0 auto;width:300px;max-width:100%;\">Touched 2\u00d7 within a year<\/div>\n<div style=\"white-space:nowrap;\"><span style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:22px;font-weight:700;color:#daa241;\">195<\/span><span style=\"font-size:13px;color:#6f6f6f;\"> \/ 965 (~20%)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:24px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-size:16px;font-weight:700;flex:0 0 auto;width:300px;max-width:100%;\">Touched 10\u00d7 within three years<\/div>\n<div style=\"white-space:nowrap;\"><span style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:22px;font-weight:700;color:#daa241;\">18<\/span><span style=\"font-size:13px;color:#6f6f6f;\"> \/ 965 (~2%)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:24px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-size:16px;font-weight:700;flex:0 0 auto;width:300px;max-width:100%;\">Touched 5\u00d7 within three years<\/div>\n<div style=\"white-space:nowrap;\"><span style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:22px;font-weight:700;color:#daa241;\">54<\/span><span style=\"font-size:13px;color:#6f6f6f;\"> \/ 965 (~6%)<\/span><\/div>\n<\/div>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e6e6e6;border-left:4px solid #daa241;padding:22px 26px;margin:8px 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<p style=\"font-size:16px;line-height:1.85;color:#0a0a0a;margin:0;overflow-wrap:anywhere;\">But every figure above is a <strong>high they merely touched<\/strong>. Of the 54 that touched 5\u00d7, nearly half (26) fell back to roughly where they started \u2014 <strong>only 22 held on as the real thing<\/strong>.<\/p>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">For example, AMTD Digital leapt as high as 44\u00d7 after listing but now trades below its debut, while Sezzle climbed 82\u00d7 and still holds about 78\u00d7. The same &#8220;surge,&#8221; a completely different destination.<\/p>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">The same &#8220;10\u00d7&#8221; can mean a fleeting spike or real growth \u2014 entirely different things. Was that difference visible somewhere in the S-1 at listing? We read the winners&#8217; S-1s through exactly that lens.<\/p>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">CALENDAR<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">Future dates, written in the S-1<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">The one thing on this page that hasn&#8217;t happened yet \u2014 though the dates were fixed before the IPO.<\/p>\n<\/div>\n<p style=\"font-size:17px;line-height:1.9;letter-spacing:0;color:#0a0a0a;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">The chief example is the <strong>&#8220;lock-up expiry.&#8221;<\/strong> For a stretch after listing (often 180 days), executives and major holders cannot sell. When that window opens, the supply of sellable shares jumps at once. <strong>With more supply, prices have historically tended to fall around the expiry<\/strong> \u2014 though not always. That &#8220;next day supply and demand shift&#8221; is already written in the pre-IPO S-1.<\/p>\n<p style=\"font-size:17px;line-height:1.9;letter-spacing:0;color:#0a0a0a;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">The other is the <strong>one-year verdict day<\/strong>. On that day, the record against the S&amp;P 500 is carved into this table for good.<\/p>\n<div style=\"border-top:2px solid #0a0a0a;\">\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2026-12-09<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>SpaceX<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 Lock-up expiry (180 days from listing)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2026-12-17<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>Andersen Group<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 One-year verdict day (record against the S&amp;P 500 is finalized)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2026-12-28<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>Lime<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 Lock-up expiry (180 days from listing; Uber&#8217;s is separate, 1\u20132 years)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2027-04-24<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>X-Energy<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 One-year verdict day (record against the S&amp;P 500 is finalized)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2027-05-14<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>Cerebras Systems<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 One-year verdict day (record against the S&amp;P 500 is finalized)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2027-06-12<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>SpaceX<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 One-year verdict day (record against the S&amp;P 500 is finalized)<\/span><\/div>\n<\/div>\n<div style=\"display:flex;gap:20px;align-items:baseline;padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;flex-wrap:wrap;\">\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:20px;font-weight:700;color:#daa241;min-width:150px;white-space:nowrap;\">2027-06-13<\/div>\n<div style=\"font-size:15px;min-width:0;\"><b>SpaceX<\/b><span style=\"color:#6f6f6f;font-size:13px;\"> \u2014 Additional lock-up expiry (366 days from listing; early-release provisions apply)<\/span><\/div>\n<\/div>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">Note: dates are approximate, computed mechanically from the listing date. Exact start dates and early-release terms follow each prospectus. This does not predict price movements.<\/p>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">ON DECK<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">On deck<\/h2>\n<p style=\"font-size:14px;color:#6f6f6f;margin:8px 0 0;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">The answer isn&#8217;t in yet. But the S-1 already is. The day they list, they join this table.<\/p>\n<\/div>\n<div style=\"border-top:2px solid #0a0a0a;\">\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/syntiant-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">Syntiant<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker SYTN<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">An edge-AI chip company \u2014 yet about 95% of revenue comes from an acquired sensor business, and the AI segment is only ~5%.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/holtec-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">Holtec Nuclear Corporation<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker HNUC<span style=\"margin-left:10px;padding:1px 8px;border:1px solid #0a0a0a;color:#0a0a0a;font-weight:700;\">Registration withdrawal (RW) filed Sept. 25, 2026<\/span><\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">A nuclear company that earns from storing spent nuclear fuel. It bets on the new small reactor SMR-300 and the first U.S. restart of a decommissioned reactor.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/covolt-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">CoVolt Power<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker KVLT<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">It builds power for data centers. Of the $3.6 billion backlog on its cover, only $565 million is contractually binding.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/bamboo-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">Bamboo Insurance Services<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker BMB<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">A managing general underwriter in the California homeowners market the majors left. Its loss ratio beats the industry by 32 points over five years, but opened year by year, most of that gap was made in 2025 alone.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/sbenergy-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">SB Energy<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker SBE<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">A SoftBank-controlled solar-and-storage developer turning itself into a landlord for AI data centers. Backlog of $439 billion, zero data centers in operation, 223 full-time employees.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/oura-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">Oura<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker OURA<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">A smart ring worn on the finger that measures sleep and heart rate. Revenue of $1,214.5 million over the latest nine months, up 74% year over year, with positive net income. Over those same nine months it spent $1,172.9 million buying back its own stock.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/dayone-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">DayOne Data Centers<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker DODC<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">Rents space, power and cooling in data centers to large cloud and AI companies. Revenue of $512 million in the first half of 2026, 3.4 times a year earlier. About 70% of it comes from one customer. After the listing, shareholders vote on two of the eight board seats.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/s1-wella-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">The Wella Company<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker WELA<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">Owner of Wella salon hair color, Clairol, OPI and ghd. 94% of its $62.3 million net income was attributable to a subsidiary&#8217;s preference shares; $2.7 million was left for the parent. At the assumed price, old ordinary shares get nothing.<\/div>\n<\/div>\n<div style=\"padding:16px 4px;border-bottom:1px solid #e6e6e6;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"display:flex;gap:12px;align-items:baseline;flex-wrap:wrap;\"><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/nscale-2026\/\" style=\"color:#0a0a0a;text-decoration:underline;text-decoration-color:#daa241;font-weight:700;font-size:16px;\">Nscale<\/a><span style=\"font-size:12px;color:#6f6f6f;\">Ticker NSCL<\/span><\/div>\n<div style=\"font-size:14px;color:#6f6f6f;line-height:1.7;margin-top:6px;overflow-wrap:anywhere;\">Rents AI computing capacity. $103.4 billion of multi-year contracts, $33.0 million of 2025 revenue, and no binding financing commitments yet for the Anthropic agreements.<\/div>\n<\/div>\n<\/div>\n<div style=\"margin:70px 0 24px;\">\n<div style=\"font-size:11px;letter-spacing:0.22em;color:#daa241;font-weight:700;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;\">METHOD<\/div>\n<h2 style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:30px;font-weight:700;margin:8px 0 0;color:#0a0a0a;word-break:keep-all;line-break:strict;\">Method &#038; disclaimer<\/h2>\n<\/div>\n<p style=\"font-size:13px;line-height:1.9;letter-spacing:0;color:#6f6f6f;margin:0 0 18px;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;overflow-wrap:anywhere;\">All purchases are assumed at each company&#8217;s <strong>first-day closing price<\/strong> (individuals can rarely buy at the offering price). Prices are adjusted for splits and dividends. The S&amp;P 500 side uses the total return index (dividends included). Figures are as of the snapshot date shown above. Trading fees and taxes are not considered. This page is for record-keeping and verification, <strong>not investment advice<\/strong>. Past performance does not guarantee future results.<\/p>\n<div style=\"max-width:680px;margin:80px auto 0;text-align:center;font-family:'Helvetica Neue',Helvetica,Arial,'Hiragino Kaku Gothic ProN','\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3','Noto Sans JP','Yu Gothic',sans-serif;word-break:keep-all;line-break:strict;\">\n<div style=\"font-size:11px;letter-spacing:0.3em;color:#daa241;font-weight:700;\">READ THE S-1<\/div>\n<div style=\"font-family:'Hiragino Mincho ProN','Yu Mincho',serif;font-size:26px;font-weight:700;margin:14px 0 10px;\">What each company is betting on is written in its S-1.<\/div>\n<div style=\"font-size:14px;color:#6f6f6f;margin-bottom:24px;\">To the full list of pre-IPO decodings.<\/div>\n<p><a href=\"https:\/\/tomorrowaccess.com\/en\/s-1-journal\/\" style=\"display:inline-block;background:#daa241;color:#0a0a0a;font-weight:700;font-size:15px;padding:15px 40px;text-decoration:none;letter-spacing:0.06em;\">See all S-1 decodings \u2192<\/a><\/div>\n<p><!--s1nl--><\/p>\n<div class=\"s1-nl\" id=\"s1nl-en\" style=\"max-width:680px;margin:70px auto 0;padding:30px;border:1px solid #e6e6e6;background:#ffffff;font-family:'Helvetica Neue', Helvetica, Arial, 'Hiragino Kaku Gothic ProN', '\u30d2\u30e9\u30ae\u30ce\u89d2\u30b4 ProN W3', 'Noto Sans JP', 'Yu Gothic', sans-serif;word-break:normal;overflow-wrap:break-word;line-break:strict;box-sizing:border-box;\">\n<p style=\"font-size:12px;letter-spacing:0.25em;font-weight:700;color:#daa241;margin:0 0 10px;\">S-1 JOURNAL NEWSLETTER<\/p>\n<div style=\"font-size:20px;font-weight:700;line-height:1.6;color:#1a1a1a;margin:0 0 10px;\">When the next S-1 drops, get the reality check.<\/div>\n<p style=\"font-size:14px;line-height:1.8;color:#333333;margin:0 0 20px;\">Event-driven S-1 breakdowns and new deep dives, delivered free by email. 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