Three IPOs in twelve months. Three day-one feeds on Pyth.
• Circle ($CRCL)
• Figma ($FIG)
• Cerebras ($CBRS)
Getting a new equity feed live on IPO day is one of the most difficult challenges in market data.
Before a company begins trading, there is no public market price. No chart. No historical data. No existing feed. Everything starts from zero the moment the market opens.
Most market data providers depend on a chain of intermediaries to establish coverage for a new listing. Data moves through vendors, permissions, and redistribution agreements before it reaches end users.
Pyth takes a different approach.
By sourcing first-party market data directly from the firms participating in price discovery, Pyth can launch real-time equity feeds the moment a market begins trading.
The result is market data that exchanges can rely on from day one.
That is why exchanges including Coinbase, Binance, Lighter, Trade[XYZ], Aster, and Avantis (of Lumena Labs) turned to Pyth to power $CBRS perpetual markets immediately following Cerebras' public debut.
24/5 coverage is the next test.
The Pyth $CBRS feed remains live across pre-market, after-hours, and overnight sessions, vs. just being live during Nasdaq's regular session. The network has opened coverage across the full 24/5 trading cycle, including activity through alternative trading venues such as Blue Ocean Technologies, LLC.
As more equities become tradable across always-on markets, same-day IPO coverage is quickly becoming a core expectation for modern market data providers.
The most anticipated IPO of the year is coming on June 12th for SpaceX ($SPCX).
Pyth will be live the moment it prints.
Read the full breakdown on day-one IPO feeds here:
https://www.pyth.network/blog/the-ipo-oracle-how-pyth-became-the-standard-for-same-day-equity-feeds